Friday, December 27, 2019

Survey finds that 60% of Americans think they will be wealthy one day

Survey finds that 60% of Americans think they will be wealthy one daySurvey finds that 60% of Americans think they will be wealthy one dayDespite an impressive amount of spending based on what they see their friends doing on social media, 59% of Americans consider themselves savers, and 65% consider themselves willing to sacrifice spending to save something for later.That may be partly wishful thinking, however. The majority (59%) of Americans live paycheck to paycheck. A near-majority, 44%, say they usually carry a credit-card balance or have a hard time keeping up with bill or payments.Only 38% have built up an emergency fund. And they spend $483 each month on non-essentials.Yet, in spite of these realities, Americans have a certain pie-in-the-sky outlook on their financial future. Two-thirds (60%) are optimistic that they will be wealthy some day 27% think that day will come in 15 years.And if money fell from the sky and they won the lottery for $1 million dollars? Lets just say the majority of Americans would not pay off bills, help out their family members, and set money aside for retirement.54% would spend it28% would pay off debt23% would invest it21% would save it7% would donate itWere a land teetering between spending it all and abstemiousness. If anything, the survey revealed Americans love/hate relationship with money.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people

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