May 30, 2013

How do you stack up on financial practices?

The latest study by FINRA of Americans' financial practices, the "State-by-State Financial Capability Survey" reveals: 
-"Fewer than half, 41%, of Americans spend less than they make.
-Over a quarter, 26%, have unpaid medical bills and those under 34 years old are more likely to have them than those who are older.
-More than half, 56%, have no rainy-day savings enough to cover surprise financial distress.
-Over a third, 34%, pay only the minimum amount on their credit cards.
-Younger Americans are more likely to show signs of financial stress.
-Of five basic questions about personal finance, the national average was 2.88 correct answers."
The full survey report is available at www.usfinancialcapability.org.Authority
All the more reason to attend Financial Planning for Women and get reinforcement for your positive behaviors!

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