Fed: Americans' overall financial well-being in 2016 continued on a modest upward path
|Key quotes from the Federal Reserve Board's latest Report on the Economic Well-Being of U.S. Households:
- Americans' overall financial well-being in 2016 continued on a modest upward path, although the improvement was less pronounced for those with less education
- The survey findings remind us that many American households are struggling financially, including fully 40 percent of those with a high school diploma or less
- Twenty-three percent of adults did not expect to be able to pay all of their current month's bills in full; 25 percent reported skipping medical treatments due to cost in the prior year
- Seventeen percent of workers, including 24 percent of those with a high-school education or less, report that their schedule varies from week to week based on employers' needs
- Fifty-three percent of adults with self-directed retirement accounts were either "not comfortable" or only "slightly comfortable" in their ability to make the right investment decisions about those accounts
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.