By Arlenys Tabare
The current economic environment has generated great uncertainty among American families; It is for this reason that many consider that they do not feel completely safe, either because the prices of basic services and food have skyrocketed, credit card debts are reaching historic levels and the ability to save is minimal.
a study recently developed by Intuit Credit Karma confirmed that More than 70% of American adults do not feel financially secure; Although they try to manage their finances correctly, they still consider that it is not enough.
For the analysis results, More than 2,000 Americans over 18 years of age from different generations were interviewed. Although some indicated that they have made sound financial decisions, others say that this is not enough to guarantee a comfortable lifestyle in which they can keep up with household bills, pay debts and save.
The report highlights that respondents between the ages of 46 and 61 claim to feel completely insecure, indicating that they live day to day, since their income does not match the rapid pace at which inflation is growing. While those aged 18 to 29 consider that it is impossible to pay household bills and other payments, They also mention the great job instability they face.
One of the concerns that both generations express is the difficulty of achieving the long-awaited American dream today; They believe that they will never have enough money to achieve it and that they prioritize short-term expenses over long-term savings.
Just last year, according to an analysis published by Investopediafinancing the American dream cost up to $5 million, a figure impossible for the average American household to achieve.
In this regard, Caleb Silver, business editor-in-chief of Folk Inc. and editor-in-chief of Investopedia, commented that “We are definitely seeing an increase in prices almost across the board, especially things like owning a home and raising kids and sending them to college,” he said.
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