James Rufus Koren, of the Los Angeles Times, covers the Financial Health Pulse, and talks about the Pulse in context of the Federal Reserve’s annual survey, with comments from researcher Stephen Miller and economist Chris Thornberg.
“The economy is growing, unemployment is low and, lately, workers are starting to see some wage gains.
But a new survey from USC and the nonprofit Center for Financial Services Innovation makes the case that, despite an overall healthy-looking economy, many Americans are struggling to save, pay bills and remain on firm financial footing.
The survey, called the Financial Health Pulse, found that only 28% of American households are financially healthy, meaning they are in control of their spending, are saving money, don’t have too much debt and are planning for the unforeseen.”