Podcast
Questions and Answers
Many ______ consumers continue to experience financial stress.
Many ______ consumers continue to experience financial stress.
inflation-weary
According to a new ______ Reserve Bank of Philadelphia survey, 35% of Americans are worried about making ends meet.
According to a new ______ Reserve Bank of Philadelphia survey, 35% of Americans are worried about making ends meet.
Federal
The gap between what the typical American earns and what they aspire to earn means "Americans have their eyes set on this high ______, and they think they need to make more money even if they know it's unrealistic they'll never make that amount,".
The gap between what the typical American earns and what they aspire to earn means "Americans have their eyes set on this high ______, and they think they need to make more money even if they know it's unrealistic they'll never make that amount,".
income
______ Foster, an analyst at Bankrate, told CBS MoneyWatch.
______ Foster, an analyst at Bankrate, told CBS MoneyWatch.
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The percentage of Americans worried about making ends meet has increased from 29% a year earlier to ______ %.
The percentage of Americans worried about making ends meet has increased from 29% a year earlier to ______ %.
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Study Notes
Financial Stress and Income Expectations
- 35% of Americans are worried about making ends meet, a 6 percentage point increase from the previous year according to a Federal Reserve Bank of Philadelphia survey.
- The gap between what Americans earn and what they aspire to earn creates financial stress, as individuals set unrealistic income goals for themselves.
- This desire for a higher income is driven by the perception that one needs to earn more to meet their financial needs, even if it's unlikely they will achieve that level of income.
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Description
A survey by the Federal Reserve Bank of Philadelphia reveals that 35% of Americans are worried about making ends meet, and many have unrealistic income expectations. This quiz explores the financial stress and income aspirations of Americans.
