OR... survey: 69% Of Americans Have Less Than $1,000 In Savings (Forbes)
In a recent survey, 56 percent of Americans said they have less than
$1,000 in their checking and savings accounts combined, Forbes reports. Nearly
a quarter (24.8 percent) have less than $100 to their name. Meanwhile, 38
percent said they would pay less than their full credit card balance this
month, and 11 percent said they would make the minimum payment—meaning they
would likely be mired in debt for years and pay more in interest than they
originally borrowed. It paints a daunting picture of the average American
coming out of the spend-heavy holiday season: steeped in credit card debt,
living paycheck-to-paycheck, at serious risk of financial ruin if the slightest
thing goes wrong.
It's a reminder that, while the larger economy has steadily recovered
from the Great Recession, the gains have not yet surfaced at the local level.
Another study reports that just 65 of the 3,069 counties in the U.S. have fully
recovered from the near-collapse in 2008. But it also speaks to the enduring
effect of decades of wage stagnation, when many Americans' pay has not kept up
with inflation and they have been left further and further behind.
http://www.esquire.com/news-politics/news/a41147/half-of-americans-less-than-1000/
https://www.forbes.com/sites/niallmccarthy/2016/09/23/survey-69-of-americans-have-less-than-1000-in-savings-infographic/#2f9b903a1ae6
https://www.forbes.com/sites/niallmccarthy/2016/09/23/survey-69-of-americans-have-less-than-1000-in-savings-infographic/#2f9b903a1ae6
@economia @Trump
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