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