A full 70% of Americans believe they’ll be better off financially next year, and 66% say they have enough income to live comfortably.
That’s great, but 25% worry about money all the time, and one-third of Americans can’t cover a $400 emergency without selling something or borrowing the money.
Even though many Americans appear to be feeling better about money, retirement remains a problem. Industry experts estimate that people should shoot for a million-dollar nest egg, but most aren’t anywhere close to that. One-third of us don’t have $5,000 saved toward retirement, including 21% who have nothing saved.
There’s a good chance that the first statistic – those who think things will get better – is connected to the others. If you don’t have $400, or have nothing saved for retirement, then perhaps the only direction you can go is up.