2025 My Money Survey: Key findings
Nearly half (45%) of adults describe the cost of living in their area as not very affordable or not affordable at all.
One in 3 Americans say their financial situation has deteriorated in the past year. Financial setbacks are most common among lower-income individuals and older generations.
A little more than half of Americans express satisfaction with their savings, while close to one-third of Americans report being very dissatisfied or completely dissatisfied with their current level of savings.
Nearly half (45%) of adults report their income just about matches their expenses, while about 3 in 10 say their monthly expenses exceed their monthly income.
About 40% of Americans say they would cut spending when expenses exceed income, while 26% would dip into savings.
Nearly half of Americans (44%) say their credit score has influenced a financial decision in the past year, while 55% say it has not.
Most respondents (78%) say they know their credit scores, though 28% report they know a little to nothing at all about the implications their saving and spending habits have on their credit rating.
Fifty-eight percent of Americans say they know their net worth, while 21% say they do not, and 21% are unsure. Generally, awareness increases with age and income.
and more ...
https://finance.yahoo.com/personal-finance/banking/article/my-money-survey-100020297.html
if things are so 'great' now, how are these folks going to feel if things actually get worse?
By
Crnr2Crnr · Posted
