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Bill Drexler, CFP® ChFC®

Living and Giving

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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.  More than 20 million Americans actually own their homes. That means they don’t owe a single dime on their house!

▪️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