Shocking Financial Statistics [Infographic]By: Shawn Hess - June 12, 2012
I know, you’re sick of hearing about the money that you don’t have. Unfortunately, the fact is, many of us aren’t making enough money to pay our bills let alone, save for retirement or put away extra money for an emergency situation.
Of course, we have all heard the non-sense financial plans that boast they will work for anyone. Come on, if you don’t have enough money to pay your phone bill, how can you put 10% of your paycheck in the bank?
Either way, this next infographic from GreatPlainsLending.Com will either let you know you’re not alone, or remind you of what a great position you’re in. It’s packed with great financial facts, that in some cases, may surprise the hell out of you.
42% of workers live paycheck-to-paycheck, that’s my favorite. Almost half the people graduating from college can’t find a job. Less than seven years ago, almost 90% of graduates were getting jobs, and making about $3000 more per year once they were hired. Don’t let anyone fool you, this economy isn’t getting any better, we’re just getting used to being poor.
Take a lesson form these statistics, the situation isn’t going to change on its own. If you can cut spending and maximize your earnings, it will put you in a better position. If that’s not possible, don’t get too frustrated, it looks like half of America is right there with you.