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Most Americans are living beyond their means and it's there own fault!


By Sally Adams
Jan 13, 2021
Fewer than 40 percent of Americans can afford an unexpected $1,000 emergency. This will surely be catastrophic! You may be surprised that living beyond your means isn t only about Millennials buying $4 lattes! Personal Savings Expert Stephanie O Connell says over half of Boomers don t have much in savings either. If they had sacrificed their own savings and/or retirement to help their children or grandchildren, they are going to be in a tough position now. O Connell says those in their 40s and 50s are laden with payments and can t seem to save. What we re seeing is this mass adoption of financing. It leads people to think they can afford more than they actually can. O Connell says the lack of financial basics are unknown to even recent high school graduates. A 17-year old signing on the dotted line for a $100,000 loan - to really understand what that means to their future life is truly essential. That s not happening now!. ....

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