This article posted in the ABA Banking Journal, summarizes findings from the Center for Financial Services Innovation’s U.S. Financial Health Pulse.
“Just 28 percent of Americans — approximately 70 million people — are financially healthy, according to the Center for Financial Services Innovation’s inaugural U.S. Financial Health Pulse report released today. Fifty-five percent of Americans were classified as “financially coping,” struggling with some but not all aspects of their financial lives — such as spending less than they earn, saving, paying bills on time, and managing existing debt — while 17 percent were considered “financially vulnerable,” struggling in all or nearly all areas.”