What Americans are saying about their financial health | The Numbers Racket

 What Americans are saying about their financial health | The Numbers Racket


Americans lack their financial health goals, according to a new survey of more than 350 respondents.

The survey, hosted by Wallethub, a personal finance website, asked respondents to reflect on their overall financial health.

Here is what they have to say:

More than half of the Americans – 53 percent – reported that they not on track for retirement or don’t know if they will or not.

Forty-nine percent of respondents said they ready for a financial emergency, compared to 30 percent who said they were not ready. other 21 percent of the respondents said they did not know whether they were ready for a financial emergency or not.

Wallethub’s survey responses express skepticism about credit scores, with more than 30 percent of respondents who said they were don’t rely on credit scores.

Most respondents – 55 percent – also said that a credit score alone will not help them manage their finances.

Advice and Planning

The survey also found that while 40 percent of respondents says that a “A complete look at their financial health is very helpful,” 62 percent said said they “don’t feel like they can now get holistic financial advice.”

Wallethub also sees that young people nearly 3 times more likely than those over 59 to say that A “complete look at their financial health is very helpful.”

When asked to rank what part of their financial health they need the most help with, 44 percent of the respondents said Investment or retirement.



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