April 8, 2020
With 70% of Americans saying that the COVID-19 pandemic poses a major threat to the nation’s economy, money is a top concern for many of us. For National Financial Literacy Month in April, let’s take a closer look at some top facts about Americans and their money — based on data from 2017-2019.
To cover the $400 expense, 63% of adults say they would use cash or its equivalent, and 17% would sell something or borrow from a friend or family member. Learn more.
In comparison, 44% of non-retirees said that their retirement savings were not on track, and the rest were not sure. Black (29%) and Hispanic (22%) non-retirees were less likely to view their retirement savings as on track than white non-retirees (43%). Learn more.
In comparison, 28% of American adults rented their home, and 8% had some other arrangement. Learn more.
Out of all average annual household expenditures in 2018, the three largest categories were housing (33% of expenditures), transportation (16%), and food (13%). Learn more.
In comparison, 26% carried a balance one or some of the time in that year and another 26% carried a balance most or all of the time. Learn more.
Americans across four generations name the five most significant historic events in their lifetimes
See how the Arapaho and Shoshone Indians of Wyoming took matters into their own hands to get connected
The housing crash took away a large share of Generation X’s wealth. But, unlike other generations, Gen Xers eventually regained it