How Anxious Are Americans About Their Finances? Very.
A survey by financial services firm Edward Jones and Morning Consult has found that nearly half of Americans do not feel financially stable, with 29% revealing they have less than $500 in emergency savings due to inflation and market conditions. Many are worried about paying for necessities, resulting in savings being a lower priority. The survey suggests strategies for moving forward include building three to six months’ worth of emergency savings, saving for retirement, and paying down high-interest debt. The survey also found those who used a financial advisor felt more confident about their present and future financial situations.
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