Post by ck4829 on Apr 11, 2017 13:55:43 GMT
Half of all Americans are effectively living paycheck to paycheck, having less than $500 set aside for emergency expenditure, according to a survey released by HomeServe USA.
The report revealed that 19 percent have no savings at all while a further 31 percent have less than $500, according to Market Watch.
In a separate study, the insurance company MetLife found that 49 percent of employees are "concerned, anxious or fearful about their current financial well-being."
Emergency payments can include costs for a new car or medical bills.
Wanda Battle, who has worked as a registered nurse for four decades, was recently faced with a $100,000 medical bill after visiting the emergency room on several occasions due to migraines and mini-strokes.
"There were times I couldn't work," Battle said, according to Market Watch. "I have not held a job that is continuous."
Increasing debt levels make it harder for money to be set aside. The New York Federal Reserve predicted April 10 that total household debt will reach its previous historic high of $12.68 trillion this year. The last time it rose to this level was in 2008 in the midst of the crisis.
www.opposingviews.com/i/society/half-american-families-live-paycheck-paycheck
The report revealed that 19 percent have no savings at all while a further 31 percent have less than $500, according to Market Watch.
In a separate study, the insurance company MetLife found that 49 percent of employees are "concerned, anxious or fearful about their current financial well-being."
Emergency payments can include costs for a new car or medical bills.
Wanda Battle, who has worked as a registered nurse for four decades, was recently faced with a $100,000 medical bill after visiting the emergency room on several occasions due to migraines and mini-strokes.
"There were times I couldn't work," Battle said, according to Market Watch. "I have not held a job that is continuous."
Increasing debt levels make it harder for money to be set aside. The New York Federal Reserve predicted April 10 that total household debt will reach its previous historic high of $12.68 trillion this year. The last time it rose to this level was in 2008 in the midst of the crisis.
www.opposingviews.com/i/society/half-american-families-live-paycheck-paycheck