Financial Health of the US Households: 31% of American Adults Are Struggling or Just Getting By

The financial and economic health of the country is an important prerequisite for future growth and development. Hence, it's crucial to measure the state of the financial health of the population to extinguish matters requiring attention. In May, The Federal Reserve released data on the economic well-being of US households and consumers, looking at the state of financial health of the population over the past year.

The third annual study by The Federal Reserve revealed important information about how individuals and their families are faring in the economy. Probably one of the most disturbing data points emphasized in the study is that 31%, or approximately 76 million adults in the country, are either struggling to get by o ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.