27 Money Stats you can't afford (literally) to be part of:
1. 64% of Americans live paycheck to paycheck
2. 1 in 10 workers making over $100k + live paycheck to paycheck
3. 25% of workers can't afford to save any money at all
1. 64% of Americans live paycheck to paycheck
2. 1 in 10 workers making over $100k + live paycheck to paycheck
3. 25% of workers can't afford to save any money at all
4. 75% of Americans are in debt today
Half of those think they'll be in debt forever
5. Over 50% of min. wage workers have to work a second job to make ends meet
6. 18% of workers reduced their 401k contributions last year
7. 38% don't contribute to their 401k
Half of those think they'll be in debt forever
5. Over 50% of min. wage workers have to work a second job to make ends meet
6. 18% of workers reduced their 401k contributions last year
7. 38% don't contribute to their 401k
8. 26% have not set aside any money in savings on over a years time
9. Less than 32% of workers stick to a budget
10. 56% save $100 or less every month
9. Less than 32% of workers stick to a budget
10. 56% save $100 or less every month
11. 61% of Americans can't cover a $1k emergency
12. 19% will finance the emergency and pay off over time
13. 40% of student loans are set to default in 2023
14. Within 4 years of graduation, 1 in 4 will default on the loan1
12. 19% will finance the emergency and pay off over time
13. 40% of student loans are set to default in 2023
14. Within 4 years of graduation, 1 in 4 will default on the loan1
15. The avg credit score for someone who defaulted on loans is 550
16. 38% of homes have credit card debt
17. 43% have carried a balance on their card for over 2 years
18. The avg home with cc debt owed $16k
19. They pay over $1k in interest alone, annually
17. 43% have carried a balance on their card for over 2 years
18. The avg home with cc debt owed $16k
19. They pay over $1k in interest alone, annually
20. Total credit card debt in America is almost 1 Trillion dollars ($910B)
21. 33% of Americans have saved $0 for retirement
22. 23% have less than $10k in a retirement account
23. 42% of millennials have no retirement savings
21. 33% of Americans have saved $0 for retirement
22. 23% have less than $10k in a retirement account
23. 42% of millennials have no retirement savings
24. 55% believe they will have to work past 65 years old.
25. 43% think they'll outlive their retirement savings
26. 25% of adults admit to not paying bills on time
27. America ranks 14th in Financial Literacy in the world
That feels like a good place to end...
25. 43% think they'll outlive their retirement savings
26. 25% of adults admit to not paying bills on time
27. America ranks 14th in Financial Literacy in the world
That feels like a good place to end...
If you:
๐ธWant to start investing
๐ธRecently started investing
๐ธFeel your behind on investing
Then following this account is going to be in your best interest!
My goal is to teach you and your next generation financial literacy!
๐ธWant to start investing
๐ธRecently started investing
๐ธFeel your behind on investing
Then following this account is going to be in your best interest!
My goal is to teach you and your next generation financial literacy!
Comment below what statistic you thought was the absolute worst
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