Trudeau talking trade with South American leaders at APEC in Peru, will
address media (Canada)
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Prime Minister Justin Trudeau is meeting with South American leaders in
Peru today, in his second day at the Asia-Pacific Economic Cooperation
summit. He i...
Stressed Financial Life
I have noticed after a number of meetings with my clients in the last 6 months, incomes are under pressure, personal debt is climbing and everyday costs are starting to rise.
Add to this the prospects of potential job loss ... most are not prepared as the economic slow down approaches the average family.
Today I found an article and infographic that confirms my worries (Thanks to Guy Kawasaki at alltop.com for the link)
According to an on-line study of US of 2,210 adults collected by Harris Interactive on behalf of CouponCabins.com the top 5 contributing financial factors impacting families are:
- 59% are Living paycheck to paycheck
- 40% have unexpected (up planned for) expenses
- 35% are unable to keep up with the monthly bills
- 32% have Student Loan payment debt issues
- 26% are pressured by bloating credit card debt
This has led to many using retirement savings early to try to keep up, the inability to save for future expenses like a leaking roof or car repairs. If that wasn't bad enough prices for many things like gas, and food are starting to rise.
The study is not all bad news, as many have cut back spending are trying to live within their means.
Check out the infographic for more details from the study below.
Infographic from CouponCabin.com
Click on picture to enlarge
Click on picture to enlarge
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