Summary
A study by Intuit Credit Karma and Harris Poll found that 78% of Americans feel financially insecure. Many people believe they have made smart financial decisions, but rising living costs and stagnant incomes contribute to their lack of financial comfort.
Key Facts
- 78% of Americans report feeling financially insecure.
- 70% feel they have made smart financial decisions, but 68% say it's not enough for a comfortable lifestyle.
- 47% cite rising living costs as a top reason for financial insecurity.
- 42% blame the state of the economy for their financial concerns.
- 43% of Americans believe they won't achieve the American Dream, with 56% of Gen Z feeling this way.
- 59% of Gen Z and 58% of Gen X feel less financially secure compared to their peers.
- 31% of people say their income hasn't kept up with inflation, while 31% live paycheck to paycheck.
- Financial issues include lack of savings, job instability, and difficulties in paying bills.
