57% of Americans Say Finances Improving, Best Since 2002, But Problems Remain

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.

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