State of American Finances
▪️50% of Americans have less than one month of their income saved for a rainy day (emergencies).
▪️Only 58% of Americans are saving for retirement.
▪️The average monthly mortgage payment is more than $1,000.
▪️Americans as a whole owe more than $1.2 trillion in educational debt, with the average student loan hovering just under $29,000.
▪️The average car loan has hit an all-time high at more than $30,000! That kicks the average monthly payment past the $500 mark.
"An investment in knowledge pays the best interest." -Benjamin Franklin