Jan 05

Report: Most Americans unprepared for financial obstacle

wallet moneyPRINCETON, N.J. – A report based on phone interviews over the last year shows most Americans would not be financially able to face a financial obstacle should it arise.

According to the report from Gallup, Americans say they are not able to “make a major purchase, such as a car, appliance or furniture, or pay for a significant home repair”.

Other findings show 48% of Americans cannot afford a major purchase or major repair; 7 in 10, however, have enough money to buy what they need on daily basis; and even some Americans with high incomes are financially challenged.

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