Most Americans Struggling Financially Despite The "Strong Economy"

[ck4829]

Hey look everyone, another asterisk for that "strong economy" we're supposed to have...

Most Americans Struggling Financially Despite The Strong Economy

Despite the booming economy and low unemployment, only 29% of Americans consider themselves financially healthy.

That means the vast majority of U.S. individuals aren’t prepared if and when another recession sets in.

“If you look at what comprises financial health it’s things like more income coming in than going out, being able to pay your bills on time and having savings in the bank,” said Jennifer Tescher, founder and CEO of the Financial Health Network, the research firm focused on financial health. “Despite the booming economy, Americans are like ducks swimming in the water. It looks placid and smooth at the top but under the surface, their little feet are churning and churning.”

The Financial Health Network partnered with Flourish, the venture capital firm that invests in fintechs, MetLife Foundation and AARP to get a sense of how Americans are feeling financially. In its second year, the U.S. Financial Health Pulse Report measures respondents against eight indicators to determine if they are financially healthy, financially coping, or financially vulnerable.

https://www.forbes.com/sites/donnafuscaldo/2019/11/15/most-americans-struggling-financially-despite-the-strong-economy/#2c3003de4b6b

[Wellstone ruled]

1. Got to be darn serious if Forbes is running this.

[beachbumbob]

2. strong ecomomy never made itto workign americans who's wages have change little in years

all elite wealth that as expanded

[Sherman A1]

3. Another case for Universal Basic Income

as proposed by Andrew Yang.

[appalachiablue]

4. K/R