The Magnitude of the Problem??? The financial breakdown of our Country
78% of American Households are living paycheck to paycheck
Only about half of them have even $500 in savings
Most households are living one paycheck away from disaster
Bad government policies and greedy institutions are compounding the problem - Just like in 2008
The average household now pays more in taxes than for their food and clothing combined
Total taxes have increased 41% since 2013
People spend more time planning their vacations than their Financial Future
Only 4% of the population is expected to retire independent of government programs
Over 20% of upcoming retirees will have nothing saved up
Social Security payments will drop more than 20% within 13 years
Most people are financially illiterate
Adam Lashinsky, the CEO of Charles Schwab, with $3.2 Trillion under management, stated in the 2017 December issue of
Fortune Magazine that if he has a regret, it’s that:
“American savers still lack the necessary financial literacy to secure
their futures.”
Arguments about money are a leading cause of divorce
