homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

January 30, 2015

47% of households say they spend all income

  • Pew said its analysis found that if a typical middle-class household had to weather a period without any income their savings would be gone within 21 days.

    • WASHINGTON (AP) — The Federal Reserve has declared economic growth “solid.” But several new reports show most Americans are treading along a dangerous financial tightrope, where one slip could be devastating.

    Nearly half of U.S. households — 47 percent — say they spend all of their income, go into debt or dip into savings to meet their annual expenses, according to an analysis of Fed survey data released Thursday by the Pew Charitable Trusts.


     
    . . .


    To read this story in full login or purchase a subscription.



    
    Email or user name:
    Password:
     
    Forgot password? Click here.