This stunning infographic paints a startling picture of the net worth of your AVERAGE American Family, and once you’ve seen it, you’ll either shrug or get totally scared!
25% don’t have any savings whatsoever? WHAT?! Many can afford to pay off debt, but don’t? WHY NOT?!
The statistics concern me- even those of us who are financially responsible- who pay off debt and save for retirement have something to worry about: what about those we love?
This is why I started FrugalBeautiful- because the statistics are scary…because there shouldn’t be this much debt…because we need to talk about this as a national problem and raise awareness since it impacts all of us.
So how do you stack up? While it’s easy to feel smug if you have more than $3800 saved in the bank or you actually have some form of retirement account, is it enough? Share your thoughts below.