New survey shows 70% of Americans are financially stressed including those making six figures

A former Woodmere, New York, branch of failed Signature Bank. Newsday Llc | Newsday | Getty Images

Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”

Important Takeaways:

  • Inflation, economic instability and a lack of savings have an increasing number of Americans feeling financially stressed.
  • Some 70% of Americans admit to being stressed about their personal finances these days and a majority — 52% — of U.S. adults said their financial stress has increased since before the Covid-19 pandemic began in March 2020, according to a new CNBC Your Money Financial Confidence Survey conducted in partnership with Momentive.
  • “People are worried that the money they’ve saved won’t last and are worried they’re going to have to lean more on their credit cards and other sources of debt just to get by,” said Bruce McClary, a senior vice president at the National Foundation for Credit Counseling.
  • Bank failures weaken confidence
  • About a third of people earning six figures said they are living paycheck to paycheck and more than a quarter said they have no emergency fund.

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