29 Personal Finance Statistics That Might Surprise You Story

29 Personal Finance Statistics That Might Surprise You

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A few reasons I think America struggles so much financially includes: - Stagnant wages with increasing expenses - A heavy consumer mentality over an investor mentality - Not enough financial literacy to keep people out of bad financial situations

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Over 40% of Americans have less than $10,000 saved for when they retire.

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As of January 2020, 41% of Americans would cover a $1,000 car repair or emergency room visit with savings.

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About 77 million Americans, or 35% of adults with a credit file, have debt in collections reported in their credit files

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The average credit card debt among Americans increased by 18.5% since 2013.

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Financial Literacy Statistics

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America has a lot of work to do to slow down these negative statistics, but a great first step is for us to take more initiative in our finances, money, and budgeting.

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Swipe up now for more financial tips!

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