The American Family's Financial Turmoil

meet the average american family... They have $3,800 in the bank. The house is worth $160,000, No one has a retirement account (in 50% of American households). but the family owes $95,000 on it to the bank. They make $43,000 a year, Their neighbors (the other 50%) only have $35,000 saved for retirement. but can't manage to pay off a $2,200 credit card balance. They have no mutual funds, stocks, or bonds. whose finances, by the way, are in shambles iiii $117,951 is the average American 40% of working Americans are not saving for retirement household's debt 25% have no savings at all - That's enough to buy 7% retirement or otherwise 2010 Honda Civics $2 trillion is the combined amount of 24% personal debt held by Americans percentage of workers who have postponed their retirement age in the past year percentage of people polled who are very confident about having enough money for retirement. AK (which is about the GDP of England) less than only 7.7% 1.7% 16.7% 10 of Mississippi's of Utah residents residents of American adults have of American's don't don't have a bank an emergency fund to fall back on in the event of don't have a account have a bank account bank account some financial disaster ve.