Living and Giving
Bill Drexler, CFP® ChFC®
Living and Giving
Financial Freedom For Your Young Families - Basic Financial Planning
Did you know?
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.
RE: https://www.ramseysolutions.com/budgeting/top-money-statistics
"An investment in knowledge pays the best interest." -Benjamin Franklin