Most adults say their financial situation is a source of stress, including 36% who say it is a major source of stress, as people experience increasing expenses and debt. These problems are especially acute in households with incomes under $50,000.
Six in 10 adults with household incomes under $50,000 describe their financial situation as poor and lack confidence in their ability to pay an unexpected medical expense or have enough retirement savings. About half cite their financial situation as a major source of stress.
Overall, 53% of the public describe their own financial situation as good and 47% say it is poor. But among those whose household income is under $50,000, 61% consider their finances in poor shape. Eighty percent of people with household incomes over $100,00 say their financial situation is good. CONTINUED
AP-NORC Center for Public Affairs Research
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