America is broke. We are walking on thin ice when it comes to our economic stability.
- According to current statistics, close to 80% of all consumers are living paycheck to paycheck.
- In 2005 there were 2,078,415 personal bankruptcies filed in the United States.
- Christian Financial Concepts says that in 1929 only 2% of the homes in America had a mortgage against them and by 1962 only 2% did not.
- Over 62% of Americans retire on annual incomes of below $10,000 according to the U.S. Census Bureau.
- Only 46% have $10,000 or more saved at retirement.
- A Marist Institute poll published in USA Today stated that 55% of Americans always or sometimes worry about their money.
- Medical Economics states that since 1975 mortgage debt has increased 300% and foreclosures are up 25% over three years ago.
- The equity line of credit is the number one cause for foreclosures.
- According to The Department of Commerce, the personal savings rate fell to a record low -2.2%. The lowest in 60 years.
- Psychology Today reports that money fights are still the number one cause of divorce in America today.
It’s time to make a change in this country. Our overspending and underearning as a nation will cripple our economy. When that happens, we will no longer be a free society.
This is more than just discussing money in the bank. This deals with our culture, our families, our society and anything else that we hold dear as a nation.
The only entitlement we are given, is not in position, food, or healthcare. We are only entitled to “life, liberty and the pursuit of happiness.”
If you desire to get on a plan for financial well-being, contact me. I will be happy to look over your situation and get you and your family on a plan for financial freedom.
Plan – Build – Live
