Most Americans Still Having Problems Making Ends Meet
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iStock/Thinkstock(CHICAGO) — Although all the signs point to an economic resurgence six years after the so-called Great Recession, a lot of folks remain in the financial doldrums.
That’s the chief finding by the Chicago-based Center for Financial Services Innovation, which polled 7,000 people. According to the survey, a staggering 57 percent of adults in the U.S. claim to still be struggling financially, with 40 percent admitting that it’s difficult for them to pay their bills.
The worries of Americans are so acute that over 20 percent surveyed say that if they were thrown out of work, they’d have little clue as to how they would survive financially.
One of the top recommendations of virtually all financial gurus is that people need to spend less and save more.
However, while almost three-quarters of the survey respondents said they do have a savings account, over half admit to not having a planned savings habit that could benefit their future short- and long-term needs.
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