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Challenges facing Americans today
78% of American's live paycheck to paycheck and of those that are working, 85% hate their job.
52% of households in America have credit card debt. Totaling over $998B in credit card debt in 2021.
44% of Americans cannot cover a $400 emergency.
51% of American adults have little to nothing saved for retirement.
4 out of 10 households have zero life insurance. Approximately 158 million people are battling with a chronic disease.
Only 21 of the 50 states require a stand-alone course in personal finance to graduate from high school.
https://www.debt.org/faqs/americans-in-debt/demographics/
https://www.statista.com/chart/20323/americans-lack-savings/
https://www.thebalance.com/retirement-crisis-stats-causes-effect-3306215
https://www.insure.com/life-insurance/life-insurance-underinsured.html
https://www.creditcards.com/credit-card-news/credit-card-debt-statistics-1276/
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With an alarming lack of education about financial fundamentals, people need the tools and guidance to help them make informed choices to meet today’s challenges. There’s no doubt that families of all incomes can benefit from preparing for the expected and the unexpected.
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