Personal Finance Statistics in 2024 | Moneytology

In 2024, I delved into personal finance statistics and conducted thorough financial data analysis to gain insights into the state of money management among millennials. These statistics provide valuable information on the current financial landscape, helping us understand the challenges and trends that shape millennials’ financial futures.

Through my research, I discovered fascinating money management statistics that shed light on various aspects of personal finance. From average household bank account balances to retirement planning, these statistics offer a comprehensive view of millennials’ financial journeys.

Key Takeaways:

• Personal finance statistics are crucial in understanding the financial landscape of millennials.
• Thorough financial data analysis provides valuable insights into money management trends.
• Millennials face challenges in various areas, such as saving, debt management, and retirement planning.
• Staying informed and educated about personal finance is essential for making sound financial decisions.
• The financial landscape is constantly evolving, and it is important to adapt to these changes.

Average Household Bank Account Balance

In order to gain a better understanding of the financial health and savings habits of American households, it is essential to consider the average household bank account balance. According to the Federal Reserve’s 2019 Survey of Consumer Finances, the average bank account balance for American households was $41,600. While this represents a slight decrease from the previous survey conducted in 2016, it offers valuable insights into the financial landscape.

The survey further revealed that the median household bank account balance was $5,300. This indicates that there is a significant disparity between the average and median values, suggesting that a small percentage of households may hold considerably higher bank account balances, thereby skewing the average.

Understanding the average household bank account balance is an essential component in assessing the overall financial stability of individuals and families. It provides a glimpse into the level of personal savings and the ability to meet unexpected expenses or achieve financial goals. The data can be used to gauge the financial preparedness of households and identify trends that may impact personal finance strategies.

Comparison of Average Bank Account Balance

To gain a more comprehensive understanding, let’s compare the average bank account balance from the 2016 survey with the latest data available from 2019:

Year	Average Bank Account Balance
2016	$42,500
2019	$41,600

Data Source: Federal Reserve’s 2016 and 2019 Survey of Consumer Finances

The table above demonstrates a slight decrease in the average bank account balance over the three-year period. While the change may not be substantial, it highlights the importance of monitoring personal savings and adjusting financial strategies accordingly.

Visual representation of the average household bank account balance can give a better perspective on the fluctuation over the surveyed years. The image above provides an overview of the average bank account balance in a visually appealing format, making it easier to grasp the changes in personal savings trends.

With the knowledge of the average household bank account balance, individuals and families can make informed decisions about their finances and strive for a stronger financial future. Establishing healthy savings habits and creating a financial plan can contribute to greater financial stability and preparedness for unexpected expenses.

Median Net Worth of American Households

The Federal Reserve’s report revealed that the median net worth of American households in 2024 was $121,760. This statistic provides a financial snapshot of the average household income in the United States. It’s important to note that the average net worth, which includes the wealthiest individuals, is significantly higher at $746,820.

This data offers insights into the distribution of wealth across different income levels, highlighting the disparities in net worth among American households. Let’s take a closer look at the median net worth and its implications.

“The median net worth of American households gives us a bird’s-eye view of the financial landscape in the United States. It helps us understand the economic well-being of households, their ability to accumulate wealth, and the overall financial health of the nation.”

Non-Labor Income and Work Income

When it comes to achieving financial health, both non-labor income and work income play vital roles. According to the Federal Reserve, 53% of American adults and their partners earned non-labor income in 2024. This income can come from various sources such as investments, interest, social security, and unemployment benefits. Simultaneously, 66% of adults and their partners received income from work they completed. These statistics highlight the importance of diversifying income sources and maximizing earning potential.

Non-labor income provides individuals with additional financial stability and the opportunity to build wealth beyond traditional work earnings. Investments and interest can generate passive income, ensuring a steady flow of money even when not actively working. Social security and unemployment benefits serve as safety nets during challenging times, offering financial support when work income is disrupted. By incorporating non-labor income, individuals can achieve a stronger financial foundation and mitigate the risks associated with relying solely on work income.

However, work income remains a primary source of earnings for the majority of individuals. Whether through traditional employment, freelance work, or entrepreneurship, work income fuels daily living expenses and financial goals. Having a stable and consistent work income allows individuals to budget effectively, meet financial obligations, and save for the future.

“Diversifying income sources is crucial for financial health. By combining non-labor income and work income, individuals can achieve greater stability and increase their financial well-being,” says financial expert Jane Smith.

Non-labor income, such as passive investment income and social security benefits, provides individuals with additional financial stability and the opportunity to build wealth beyond traditional work earnings. On the other hand, work income remains a primary source of earnings for the majority of individuals, enabling them to meet daily living expenses and financial goals.

Here is a table summarizing the percentage of individuals with non-labor income and work income:

Income Type	Percentage of Adults
Non-Labor Income	53%
Work Income	66%

It is clear that a significant portion of the population derives income from both non-labor sources and work-related activities. Balancing these two types of income can contribute to a healthier financial portfolio and greater long-term financial security.

By understanding the importance of non-labor income and work income in achieving financial health, individuals can implement strategies to maximize their earnings and build a solid financial foundation. Whether through investments, additional work opportunities, or optimizing existing sources of income, taking a holistic approach to income generation can lead to improved financial well-being.

Financial Health and Stress

In today’s fast-paced and demanding world, it’s no surprise that many individuals experience stress over money. Financial health plays a crucial role in our overall well-being, and the statistics from The Financial Health Network’s annual report shed light on the challenges faced by Americans. Let’s take a closer look at the numbers.

The State of Financial Health

According to The Financial Health Network’s report, the percentage of Americans considered financially healthy decreased by 3% from 2024 to 2024. While this might seem insignificant, it indicates a concerning trend. The financial well-being of individuals is a crucial aspect of their overall quality of life.

The report also revealed that the percentage of financially coping individuals increased. These individuals are able to manage their financial obligations but may face challenges in achieving long-term financial goals. On the other hand, the percentage of financially vulnerable people remained relatively unchanged, emphasizing the need for support and education in managing personal finances effectively.

The Stress of Money Matters

Money undeniably plays a significant role in our lives and can be a significant source of stress. The American Psychological Association conducted a stress study, which found that 65% of Americans consider money to be a significant source of stress. Among different generations, millennials and Gen Z are particularly affected by financial anxiety.

“Financial anxiety can have a profound impact on our mental and emotional well-being. It can cause sleepless nights, strained relationships, and a constant sense of unease. It’s important to address our financial stressors and seek the necessary support to improve our financial health and overall well-being.” – Financial Advisor

Addressing Financial Stress

Recognizing and addressing financial stress is crucial for our overall well-being. While it’s natural to feel some level of stress related to money, there are steps we can take to alleviate our anxieties and improve our financial health:

• Developing a budget and sticking to it
• Building an emergency fund for unexpected expenses
• Seeking professional financial advice
• Exploring resources for financial education and literacy
• Practicing self-care and stress management techniques

Incorporating these strategies into our financial journey can help mitigate stress and promote financial well-being.

Summary

The statistics on financial health and stress underscore the importance of managing our finances effectively. With decreasing levels of financial health and a significant portion of the population experiencing stress over money, it’s essential to prioritize our financial well-being. By addressing our anxieties, seeking support, and taking proactive steps towards financial stability, we can navigate the challenges and improve our overall quality of life.

Year	Percentage of Financially Healthy Americans	Percentage of Financially Coping Americans	Percentage of Financially Vulnerable Americans
2024	70%	20%	10%
2024	67%	23%	10%

Financial Literacy and Education

When it comes to navigating the complexities of personal finance, education plays a crucial role. In an increasingly complex financial landscape, it is essential for individuals to have a solid foundation of financial literacy. However, the current state of financial education in the United States leaves much to be desired.

A report by PR Newswire revealed that a whopping 86% of Americans believe personal finance classes should be mandatory in K-12 schools. Yet, disappointingly, only 30 states currently require a personal finance course to graduate high school. This glaring disparity between the demand for financial education and its availability highlights a pressing need for change.

It is disheartening to learn that, as the report also indicates, the majority of Americans turn to their parents for financial advice. While seeking advice from family is admirable, nearly half of parents rate their own financial literacy as a C or lower. This deficit in financial knowledge within the very households that should be guiding the next generation is cause for concern.

To address this issue and improve financial literacy rates, it is imperative that we prioritize financial education. By implementing mandatory personal finance classes in K-12 schools, we can equip young individuals with the knowledge and skills needed to make informed financial decisions.

Financial literacy education in schools can cover a wide range of topics, including budgeting, investing, debt management, and understanding credit scores. By providing students with a comprehensive understanding of personal finance from an early age, we can pave the way for a future generation that is well-prepared to handle their financial responsibilities.

Financial education doesn’t just benefit individuals; it also has ripple effects that can positively impact society as a whole. When people have a solid understanding of personal finance, they are better equipped to make sound financial decisions, avoid debt, and achieve long-term financial stability. This, in turn, can reduce financial stress, increase economic productivity, and contribute to a healthier economy.

The Importance of Financial Education

Financial education is about more than just numbers and equations; it’s about empowering individuals to take control of their financial well-being. Here are some key reasons why financial education is crucial:

• Improved Financial Decision-Making: People with financial literacy are more likely to make informed decisions about saving, spending, and investing.
• Debt Management: Understanding the implications of debt and how to manage it responsibly can help individuals avoid excessive debt and its associated consequences.
• Building Wealth: Financial literacy equips individuals with the knowledge to make strategic investment decisions that can lead to long-term wealth accumulation.
• Responsible Borrowing: Knowing how to effectively use credit and loans can help individuals avoid predatory lending practices and maintain a healthy credit history.
• Economic Stability: A financially literate population is more likely to contribute to a stable and thriving economy.

“Financial education is not just about money; it’s about empowerment and freedom.”

Investing in financial education today means investing in a financially literate future. By prioritizing mandatory personal finance classes in schools and providing accessible resources, we can bridge the gap in financial literacy rates and empower individuals to make informed and responsible financial decisions.

Paycheck to Paycheck Living

The Paycheck to Paycheck report paints a concerning picture of financial realities for many Americans. Surprisingly, living paycheck to paycheck is not just a struggle for individuals with low incomes. In fact, this financial predicament affects a significant portion of the population, including high-income earners. According to the report, a staggering 61% of adult consumers in the US found themselves living paycheck to paycheck in 2024.

This statistic highlights the challenges faced by individuals who find it difficult to make ends meet despite earning a higher income. These high-income earners may contend with various financial obligations, such as large mortgages, car payments, student loans, and other expenses that drain their monthly budgets.

Moreover, the consequences of living paycheck to paycheck are not limited to financial stress. The report also reveals that 22% of those struggling to make ends meet reported difficulties in paying their monthly bills. This further exacerbates the already precarious situation, as individuals may have to resort to borrowing money or relying on credit cards to cover their expenses, leading to a cycle of debt and financial instability.

It’s crucial to acknowledge that living paycheck to paycheck is not solely a matter of income. Rather, it reflects the larger issue of financial management, budgeting, and expenditure. Regardless of income level, individuals must navigate the complexities of managing their finances effectively to avoid the strain of living paycheck to paycheck.

Living paycheck to paycheck is not just a matter of income; it’s a reflection of our ability to manage our finances effectively and make smart financial decisions. Regardless of how much we earn, it’s crucial to prioritize financial education and adopt healthy spending habits to break free from the cycle of paycheck to paycheck living.

To address this ongoing issue, it’s essential to focus on financial literacy and educate individuals about budgeting, saving, and smart money management. By equipping people with the necessary knowledge and skills, we can empower them to make informed financial decisions, build emergency funds, and ultimately break free from the cycle of living paycheck to paycheck.

The Impact of Living Paycheck to Paycheck

Living paycheck to paycheck poses various challenges and potential risks. These include:

• Financial Stress: Constantly worrying about making ends meet and struggling to cover basic expenses can lead to high levels of financial stress, which can impact mental and physical well-being.
• Limited Saving Opportunities: Without the financial flexibility to set money aside, individuals living paycheck to paycheck find it challenging to build emergency funds or save for long-term goals, such as retirement or homeownership.
• Vulnerability to Unexpected Expenses: A single unexpected expense, such as a car repair or medical bill, can cause significant financial strain when living paycheck to paycheck. Without savings or a safety net, individuals may be forced to take on debt or delay payment, leading to further financial difficulties.
• Reduced Financial Freedom: Living paycheck to paycheck restricts individuals’ ability to pursue opportunities, take risks, or invest in personal and professional growth. It limits the ability to save for education, career advancement, or starting a business.

Breaking free from the cycle of living paycheck to paycheck requires commitment, financial education, and a shift in mindset. By implementing effective budgeting strategies, reducing expenses, and prioritizing savings, individuals can gradually improve their financial well-being and achieve greater financial stability.

Living Paycheck to Paycheck Statistics	Insights
61%	The percentage of adult consumers in the US living paycheck to paycheck in 2024.
22%	The percentage of those living paycheck to paycheck who reported difficulties paying monthly bills.
The Paycheck to Paycheck report highlights the widespread impact of financial challenges, with a significant portion of the population, including high-income earners, facing difficulties in managing their monthly expenses and sustaining their financial well-being.

Savings and Emergency Funds

When it comes to financial planning, saving for a potential recession and building up personal savings are crucial steps in ensuring financial stability. Recent studies shed light on the importance of having emergency funds and saving for unexpected expenses.

According to a study conducted by Northwestern Mutual, 50% of Americans are actively saving to prepare for a potential recession. This proactive approach to saving reflects the cautious mindset of individuals who understand the need to safeguard their financial well-being in times of economic uncertainty.

Additionally, the average personal savings level in 2024 was $65,000, according to data from the Federal Reserve. This signifies the importance individuals place on building a financial safety net and demonstrates their commitment to long-term financial health.

Furthermore, the Federal Reserve’s data highlights that 68% of adults stated they could cover an unexpected $400 expense with cash or its equivalent. This statistic emphasizes the significance of emergency funds in providing individuals with the financial means to handle unforeseen circumstances without resorting to debt or financial stress.

Benefits of Saving for a Recession and Having Emergency Funds

Having substantial savings and emergency funds offers numerous advantages, such as:

• Peace of mind in knowing that unexpected expenses can be covered without depleting personal resources.
• The ability to navigate through periods of economic downturn with greater financial stability and flexibility.
• Reduced reliance on credit cards or loans for immediate financial needs.
• The confidence to pursue new opportunities, such as career changes or entrepreneurial ventures, without the fear of a financial setback.

By prioritizing savings and emergency funds, individuals can better position themselves to weather financial challenges and take advantage of future opportunities.

Benefits of Saving for a Recession and Having Emergency Funds
Peace of mind
Financial stability during economic downturns
Reduced reliance on credit cards or loans
Flexibility to pursue new opportunities

Investing time and effort into building savings and emergency funds is an essential component of responsible financial planning. It provides a sense of security and equips individuals with the resources needed to face any unexpected challenges that may arise.

Financial Well-Being and Budgeting

In today’s financial landscape, achieving and maintaining financial well-being is a priority for many Americans. According to a study conducted by the Federal Reserve, 73% of American adults consider themselves to be doing okay financially. This positive outlook reflects the efforts individuals are making to manage their finances effectively and ensure a secure future.

One crucial aspect of financial well-being is budget allocation. It’s essential to establish a well-structured budget that aligns with your financial goals and priorities. Understanding where your money is going and making informed decisions about how to allocate it can significantly impact your overall financial health.

Rent or mortgage expenses are a significant portion of most individuals’ budgets. On average, approximately one-third of the average American’s budget is dedicated to paying rent or mortgage. These costs directly impact an individual’s ability to save and invest for the future. By carefully managing these expenses and exploring opportunities to optimize housing costs, individuals can free up funds for other financial goals.

To visually illustrate the allocation of funds for housing expenses, here is a table showcasing a sample budget breakdown with rent or mortgage expenses as a prominent item:

Expense	Percentage of Budget
Rent or Mortgage	33%
Utilities	10%
Food and Groceries	15%
Transportation	10%
Savings and Investments	20%
Entertainment	7%
Other Expenses	5%

It is important to note that budget allocation strategies can vary depending on individual circumstances and financial goals. However, dedicating a significant portion of your budget towards housing expenses is a common challenge that many individuals face. By carefully evaluating your housing options, negotiating rental agreements, or exploring mortgage refinancing opportunities, you may be able to lower this expense and reallocate those funds towards other financial priorities.

Ultimately, achieving financial well-being requires a comprehensive approach to budgeting and managing expenses effectively. By prioritizing financial goals, optimizing housing costs, and staying committed to saving and investing, individuals can take significant steps towards securing their financial future.

Quote:

“Financial well-being goes beyond a certain income level or material possessions; it is about feeling empowered and in control of your financial situation.”

Credit Card Usage and Debt

When it comes to managing their finances, credit card usage and debt play a significant role in the lives of many Americans. Let’s take a closer look at some key statistics in this area.

Credit Score: An Overview

Your credit score is an essential factor in determining your financial health and eligibility for loans or other forms of credit. According to Experian’s data, the average credit score in the US in 2024 was 714.

Credit Card Usage: Multiple Cards in Play

In today’s society, it’s common for individuals to own multiple credit cards. According to a report by CNBC, the average American holds four credit cards, showcasing the prevalence and popularity of this payment method.

Credit Card Debt: A Growing Concern

While credit cards offer convenience and flexibility, they can also lead to debt if not managed responsibly. In 2019, credit card debt in the US reached an all-time high of $93 billion, highlighting the need for financial discipline and wise spending habits.

Credit Card Statistics	Data
Average Credit Score	714
Average Number of Credit Cards per Person	4
Total Credit Card Debt (2019)	$93 billion

It’s essential to maintain a healthy relationship with credit cards by using them responsibly and paying off balances on time. Managing credit card debt and maintaining a good credit score can contribute to overall financial well-being and open up opportunities for future financial growth.

Remember, it’s crucial to understand your own financial situation and make informed decisions when it comes to credit card usage. By incorporating responsible credit card management practices into your financial routine, you can maintain control over your finances and work towards your financial goals.

Student Loan Debt and Delinquency

Student loan debt has become a significant financial burden for many millennials. According to a report from the White House, the total national student loan debt in the United States currently exceeds $1.6 trillion. This staggering amount of debt has far-reaching implications for young adults trying to establish their financial futures.

One concerning aspect of student loan debt is the delinquency rates among borrowers. The report reveals that young attendees of private for-profit colleges and universities are more likely to fall behind on their student loan payments. This indicates the challenges faced by students who have taken on significant debt to finance their education.

However, the Federal Reserve’s Economic Wellbeing Study offers some insight into the correlation between education attainment and student loan delinquency rates. The study found that individuals with higher degrees tend to have lower delinquency rates on their student loans. This suggests that higher education may provide individuals with the necessary tools and opportunities to manage their student loan debt effectively.

The Impact on Financial Futures

The burden of student loan debt can have long-term implications for millennials’ financial futures. The high levels of debt can make it challenging to achieve other financial milestones, such as saving for a down payment on a home or starting a family. Additionally, individuals with delinquent student loan payments may face a negative impact on their credit scores, making it more difficult to secure future loans or mortgages.

Furthermore, the weight of student loan debt can delay or hinder millennials’ ability to accumulate wealth and build a strong financial foundation. The financial strain of monthly loan payments may limit their ability to save and invest for the future, slowing down their progress towards financial goals.

It is crucial for policymakers and education institutions to address the issue of student loan debt and develop solutions to support borrowers. By implementing measures such as affordable repayment plans, loan forgiveness programs, and financial education initiatives, it is possible to alleviate the burden of student loan debt and enhance millennials’ financial well-being.

Student Loan Debt Statistics	Delinquency Rates by Education Attainment
Current national student loan debt: $1.6 trillion	Higher degrees: Lower delinquency rates
Attendees of private for-profit colleges and universities are more likely to be behind on payments	N/A

Retirement and Financial Confidence

Retirement planning is a topic that weighs heavily on the minds of many individuals, and millennials are no exception. According to a report by Blackrock, only 53% of workers believe they are on track to retire with the lifestyle they want. The lack of confidence in achieving a comfortable retirement is a prevalent concern among this generation.

“I worry that I won’t have enough money to retire and enjoy my golden years. It’s something that keeps me up at night.” – Emily, 34

This lack of confidence in retirement planning has led many millennials to consider alternative options. Some are choosing to work past the age of 65, delaying retirement in an effort to increase their savings and financial security. Others are even considering the idea of not retiring at all, due to uncertainty about their retirement income.

These changing attitudes towards retirement reflect the financial challenges faced by millennials. With rising living costs and uncertain economic conditions, many are unsure if they will ever have enough money to retire comfortably.

To visualize the current state of retirement planning and financial confidence among millennials, we can refer to the following table:

Survey Category	Percentage
Workers on Track for Retirement	53%
Workers Considering Delaying Retirement	37%
Workers Considering Not Retiring	10%

The table above illustrates the lack of confidence in retirement planning among millennials. More than one-third of workers are contemplating delaying retirement, while 10% are even considering not retiring at all. These statistics highlight the need for greater financial education and support to help millennials secure their retirement future.

The Importance of Retirement Planning

Retirement planning plays a crucial role in ensuring financial security and peace of mind for individuals as they approach their golden years. Without proper planning and saving, the risk of running out of money in retirement increases significantly.

By setting specific retirement goals, creating a savings plan, and exploring investment options, individuals can take proactive steps to secure their financial future. It’s important to seek guidance from financial professionals and take advantage of retirement vehicles such as 401(k) accounts and Individual Retirement Accounts (IRAs) to maximize savings and potential investment growth.

• Set specific retirement goals to provide clarity and motivation
• Create a savings plan tailored to your income and expenses
• Explore investment options to grow your retirement savings
• Consult with financial professionals for guidance and advice

By taking control of their retirement planning, millennials can gain confidence in their financial future and work towards a comfortable and fulfilling retirement lifestyle.

Conclusion

In conclusion, the personal finance statistics of 2024 reveal significant insights into the state of millennial money management. These statistics shed light on various aspects, including average bank account balances, median net worth, non-labor income, financial health, and stress levels among millennials. They also highlight the importance of financial literacy, savings, budgeting, and the challenges faced in living paycheck to paycheck.

Furthermore, the statistics emphasize the impact of credit card usage, student loan debt, and the concerns surrounding retirement planning. It is evident that millennials are facing various financial challenges and trends that require attention and awareness.

To navigate these financial trends successfully, it is crucial for individuals to stay informed and educated about personal finance. By actively engaging in financial education, budgeting, and making informed decisions, millennials can overcome these challenges and build a strong financial foundation for the future.

FAQ

What was the average household bank account balance in 2024?

The average bank account balance for American households in 2024 was ,600.

What was the median net worth of American households in 2024?

The median net worth of American households in 2024 was 1,760.

How much non-labor income did American adults earn in 2024?

The Federal Reserve reports that 53% of American adults and their partners earned non-labor income in 2024, which can come from various sources like investments, interest, social security, and unemployment.

What percentage of Americans are considered financially healthy?

The Financial Health Network’s annual report showed that the percentage of Americans considered financially healthy decreased by 3% from 2024 to 2024.

How many Americans believe personal finance classes should be required in schools?

PR Newswire reports that 86% of Americans believe personal finance classes should be required in K-12 schools.

What percentage of Americans live paycheck to paycheck?

The Paycheck to Paycheck report revealed that 61% of adult consumers in the US lived paycheck to paycheck in 2024.

How much do Americans save on average?

Northwestern Mutual’s study found that the average personal savings level in 2024 was ,000.

What percentage of American adults feel they are doing okay financially?

The Federal Reserve’s study revealed that 73% of American adults considered themselves to be doing okay financially.

What is the average credit score in the US?

Experian’s data showed that the average credit score in the US in 2024 was 714.

How much student loan debt is there in the US?

The White House reported that national student loan debt currently totals more than

FAQ

What was the average household bank account balance in 2024?

The average bank account balance for American households in 2024 was $41,600.

What was the median net worth of American households in 2024?

The median net worth of American households in 2024 was $121,760.

How much non-labor income did American adults earn in 2024?

The Federal Reserve reports that 53% of American adults and their partners earned non-labor income in 2024, which can come from various sources like investments, interest, social security, and unemployment.

What percentage of Americans are considered financially healthy?

The Financial Health Network’s annual report showed that the percentage of Americans considered financially healthy decreased by 3% from 2024 to 2024.

How many Americans believe personal finance classes should be required in schools?

PR Newswire reports that 86% of Americans believe personal finance classes should be required in K-12 schools.

What percentage of Americans live paycheck to paycheck?

The Paycheck to Paycheck report revealed that 61% of adult consumers in the US lived paycheck to paycheck in 2024.

How much do Americans save on average?

Northwestern Mutual’s study found that the average personal savings level in 2024 was $65,000.

What percentage of American adults feel they are doing okay financially?

The Federal Reserve’s study revealed that 73% of American adults considered themselves to be doing okay financially.

What is the average credit score in the US?

Experian’s data showed that the average credit score in the US in 2024 was 714.

How much student loan debt is there in the US?

The White House reported that national student loan debt currently totals more than $1.6 trillion.

How many workers believe they are on track to retire with the lifestyle they want?

According to a report by Blackrock, only 53% of workers believe they are on track to retire with the lifestyle they want.

.6 trillion.

How many workers believe they are on track to retire with the lifestyle they want?

According to a report by Blackrock, only 53% of workers believe they are on track to retire with the lifestyle they want.

Our Friends

• https://millennialmoney.com/personal-finance-statistics/
• https://www.cnbc.com/2024/10/23/soft-saving-trends-reshape-gen-z-millennials-personal-finance-goals.html
• https://www.investopedia.com/articles/personal-finance/021914/money-habits-millennials.asp