In a recent article by Success With Your Money (Winter 2007), American were polled as to their thoughts on several areas of finance. The results are as follows:
Budgeting-
18% of the average homeowners take home pay goes toward paying off auto leases, mortgages and consumer debt.
39% of adults state that they have set aside enugh money to cover three months worth of living expenses.
Retirement-
5.4% of pre-tax salary dollars that employers contribute to a 401(K) plan
6 in 10 U.S. workers think that they need less than $1 million to retire.
Investing-
50% of households own stocks and mutual funds
College Savings-
$7,000 is the average amount saved by households that have a college fund
$19,300 is the median debt of 2003-2004 graduates who borrowed to finance college
Homes-
$221,000 is the average size of a fixed rate mortgage in June 2007
$337,500 is the average size of an adjustable rate loan in JUne 2007
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