Two full years of inflation have taken their toll on American households. In 2023, the country’s collective credit card debt crossed $1 trillion for the first time. So who is managing to save money in the current economic environment?
Visual Capitalist’s Pallavi Rao visualizes the percentage of respondents to the statement “I have money leftover at the end of the month” categorized by age and education qualifications. Data is sourced from a National Endowment for Financial Education ( NEFE ) report, published last month.
The survey for NEFE was conducted from January 12-14, 2024 , by the National Opinion Research Center at the University of Chicago. It involved 1,222 adults aged 18+ and aimed to be representative of the U.S. population. Note: Percentages are rounded and may not sum to 100. Older Americans Save More Than Their Younger Counterparts
General trends from this dataset indicate that as respondents get older, […]
Read the Whole Article From the Source: www.zerohedge.com
