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According to the US Census, 45% of Americans feel financially insecure. A majority are spending more than they make (54%). One-third have no savings.

“all households had less slack in their budgets in 2014 than they had a decade before.” – Pew Research

Incomes are rising, but not enough to create a significant shift in widespread financial security. It will take sustained increases to allow people to accumulate enough excess income that they can then begin saving again. In such a situation, it is understandable if people are being more careful with their money, and not engaging in the consumer economy. At least for now.

(Click on the graphic for the link.)

screenshot-2016-10-12-at-08-44-03

Household Incomes Rose in 2015” – Pew Charitable Trusts

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One thought on “Widespread Financial Insecurity

  1. Pingback: Data That Matters October 2016 | Pretending Not To Panic

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