Infographic: 5 Surprising Facts About Americans’ Financial Health


Recognize yourself in any of the statistics in today’s infographic? If you do, what can you do to reverse the trend?

The first step is to take responsibility.  Only when we take responsibility for our actions can we begin to recognize destructive behaviors, stop them, and begin again in a new direction.

The second step is to decide to become financially independent. Why depend on the government or the generosity of others, when everyone is fully capable of setting their own course and doing the work necessary for independence? Resolve to be financially free today and begin your journey to freedom.

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  • Peng Investor

    The one stat economists NEVER mention is that if a consumer has 10% of their monthly income goes to credit card bills, that it would actually need to be increased to 25% of monthly income to actually pay off the debt over several years time, ouch!

  • Nate

    If almost 50% of people can’t cover one month’s expenses if they were to miss a paycheck, then we can assume that these people are also frustrated and confused about how they are ever going to retire. Their financial health is very low. Times are still really tough for a lot of people, and many are just trying to make ends meet. But taking time to think about where your money goes – whether you call it a spending plan or a budget – can have a big pay off.

    • https://www.montycampbell.com/ Monty Campbell

      It’s certainly a sobering statistic Nate, but you are right. All good money management starts with a budget. It’s about being in control of your expenses and not the other way around.

  • Bronson

    Many people are living paycheck to paycheck. That’s all the more reason to figure out a way to put some aside, even $50 a month. Also, it’s important to realize that all of these statistics are connected. Each has reasons that involve the others.

    • https://www.montycampbell.com/ Monty Campbell

      Right on Bronson. I hear too often that people don’t save because they can only save a little right now and they think it doesn’t matter. Every dollar counts. Also, I believe in the philosophy of: “if you don’t manage $50 well, you’ll won’t manage $50,000 well either.” Habits scale both ways.

  • Arrgo

    I believe in many cases, it is peoples poor decisions and bad habits that are the true cause of their financial problems.

    • https://www.montycampbell.com/ Monty Campbell

      Very true Arrgo. We are our habits. The good news is that bad habits are not permanent unless we allow them to be. It takes work, but bad money habits can be replaced by good habits that lead to success. Thanks for sharing.

      • Arrgo

        Thank you for the great site. A lot of good insight and motivation. I check in every week. Helps to keep me on track.

  • Michelle

    One of the most important factors is cost of living. I make $56,000 a year, but I am middle class because I live in New Jersey, one of the highest cost of living states in the country. If I made $56,000 in the Midwest, I would be upper middle or upper class. Big disparity in the costs depending on which region you live in.

    • https://www.montycampbell.com/ Monty Campbell

      There are definitely cost of living differences across the country. However, I’ve found that income is like closet space. Without careful attention, it’s easy to consume all of it. They key is to live below your means, regardless of your income. Thanks for contributing Michelle.

  • Mara

    Hey Monty,

    Wonderful list. Extremely frightening and eye-opening but well done. I love the headline and the image choice.

    • https://www.montycampbell.com/ Monty Campbell

      Thanks for the kind words Mara. I’ve received some very nice feedback on the infographics, so look for more of these in the future.

  • Brett

    These statistics are quite sad. I hope it’s a wake up call for people to take control of their life and money.

    • https://www.montycampbell.com/ Monty Campbell

      Hi Brett,
      I agree, the stats are alarming. I have the same hope. Sometimes, seeing the cold, hard facts is what it takes. Thanks for commenting.