Money isn’t always a comfortable topic to discuss with friends. This ends up making finances a sort of taboo subject, resulting in us not knowing too much about how other people manage their money. This week, there were a slew of studies released that surveyed how most Americans view their personal finances. Not only can we gain some insight into how we view money from these articles, we can also see how the rest of the country might be viewing financial issues. Here’s a look at some of the best articles on this topic to hit the web in the past several days.
Because of last October’s government shutdown, Americans were understandably leery of any type of financial growth. If our government couldn’t pull things together, how could the rest of us? But over the past couple of months, confidence in the markets has grown. According to a survey conducted by AOL and Consumer Bankers Association, the farther we get from the shutdown, the more likely people are to view finances positively.
The gap continues to grow between the 1% and the rest of us. A study cited by Newsday states that the number of Americans who consider themselves middle class has dropped from 53% to 44%. This drop is most likely due to the aftermath of the recession, since many who once considered themselves comfortable are continuing to face hard times.
For nearly half of Americans, it would only take them a month to go through their savings if they found themselves without a job. This startling statistic was taken from a survey by RetailMeNot, which shows that most people don’t have a reliable safety net. However, 52% of those surveyed said they could last more than 8 months on their savings. Let’s hope you fall in the latter group.
This survey by the National Foundation for Credit Counseling reveals that 61% of Americans don’t have a budget or a way to track their finances. This seems pretty surprising, but this BusinessInsider article helps those unfortunate souls out with some easy tips to start managing their spending.
Hopefully, you can use these surveys as inspiration to help view your finances in a more positive light!