Almost Half of America is Living Paycheck to Paycheck
The Corporation for Enterprise Development (CFED) has released information stating that 44% of people in America have less than $5,887 in savings for a family of four. Less than that amount of money can disappear quickly when there are 4 mouths to feed. Liquid assets are crucial if you hit a tough patch. Considering spending habits, this means that nearly half of americans are living paycheck to paycheck. And none of this is even considering the amount of debt many of us may have.
That’s a scary thought!
You can peruse the CFED findings yourself at the following link: http://assetsandopportunity.org/scorecard/