Statistics are showing a weird anomaly. It makes no sense to me. What do you think?
FACT: 62% of Americans are living paycheck to paycheck. (per LendingClub)
FACT: 74% of Americans are stressed over their finances. (per CNBC survey)
Those two facts tell us well over half of Americans don’t have enough money to be comfortable with their finances. Now check out three more statistics.
FACT: Holiday spending this year looks like it broke all records with both in-store and online shopping. (per National Retail Federation)
FACT: 96% of Americans were expecting to overspend this holiday season. (per TD Bank)
FACT: Only 23% expect to be able to pay off their new debt within one to two months. (TD Bank)
What I’m reading is that people’s actions don’t match up with what their brains are telling them about their money.
The majority are saying they’re stressed about not having enough money, and yet they’re spending even more than before — ? How does that make sense?
I would love to hear your thoughts about this. Please click on comment to post. (The system requires me to allow the post due to too many spambots, but don’t worry, I will read and enable your comment asap.)
People are lonely and frightened and trying to fill a deep void within themselves with things. Material goods never bring the peace that one good time with the Lord in prayer can deliver!