Disturbing Facts about the Average American
“In America Broke is Normal”

 70% live paycheck to paycheck –Wall Street Journal

  • Typical household debt totals more than $38,000 – Consumer Reports Money Book
  • 24% of take home pay is wasted on non-mortgage debt.
  • 64% can’t cover groceries for one month with savings
  • 52% of Americans have less than $10,000 saved for retirement
  • 68% don’t prepare a detailed budget
  • 49% have more debt than savings
  • 71% of Americans say debts are making their home lives unhappy –Consolidated Credit Counseling Services
  • Money problems are the number one reason for divorce
  • 55% of Americans admit to “always or “sometimes” worrying about money-Wall Street Journal
  • Stress is the number one cause of chronic health issues and money issues are the number one stress in one’s life.
  • 43% of American families spend more than they take home.  They spend $1.26 to every $1.00 earned. – U.S. Commerce
  • We live in one of the richest countries in the world, and yet the average family does not have over $1,000 in the bank.  The awful truth is that the U.S. Department of Commerce reports that the typical American saves 2.2 percent of after-tax income; while NLI Research says the average Japanese saved 27.9 percent of after-tax income.

 You want financial freedom? Contact BGR Financial Coaching to gain control over your money and not let debt forever control you!

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