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eMoney Advisor – Financial EDU – Economic RealityCreative Director: Jeffrey BerryWriter: Jeffrey BerryDesigner: Marlene LargeEditor/Animator: Marlene Large
Personal savings in America is at a four year low.
29% of Americans have savings less than $1,000
56% of Americans have savings less than $25,000
97% of Baby boomers have not saved enough for their retirement
55% of Americans did not save..
eMoney Advisor – Financial EDU – Economic RealityCreative Director: Jeffrey BerryWriter: Jeffrey BerryDesigner: Marlene LargeEditor/Animator: Marlene Large
One penny last year.
This year…
.
American personal debt is near an all time high.
Americans have $772 billion in outstanding credit card balances.
.
Over 2.32 Million Americans applying for a mortgage were rejected.
The average student graduates from college with $23,186 in debt.
.
eMoney Advisor – Financial EDU – Economic RealityCreative Director: Jeffrey BerryWriter: Jeffrey BerryDesigner: Marlene LargeEditor/Animator: Marlene Large
College graduates collectively owe more than $1,000,000,000,000 on student loans.
Last Year…
.
More Americans filed for bankruptcy
than graduated college.
.
More Americans filed for bankruptcy than filed for divorce.
42% of America lives from paycheck to paycheck
.
eMoney Advisor – Financial EDU – Economic RealityCreative Director: Jeffrey BerryWriter: Jeffrey BerryDesigner: Marlene LargeEditor/Animator: Marlene Large
55% of Americans spend more than their annual income
10,000 Baby Boomers will turn 65 years old today and every day for the next 18 years.
.
34% of adults say they have no money saved for retirement
58% have not calculated their retirement needs
.
33% of retired Americans rely almost entirely on Social Security payments alone.
Social Security (if still around) will provide annual income of approx. $26,000
.
eMoney Advisor – Financial EDU – Economic RealityCreative Director: Jeffrey BerryWriter: Jeffrey BerryDesigner: Marlene LargeEditor/Animator: Marlene Large
The U.S Poverty Line for a family of 4: $22,300
62% will retire with Less Than $25,000
.
Another 35% will retire with Less Than $100,000
Only 2% have an adequate pension or retirement account.
.
What can you (I, We) do?
We’ve faced BIG challenges before:
.
eMoney Advisor – Financial EDU – Economic RealityCreative Director: Jeffrey BerryWriter: Jeffrey BerryDesigner: Marlene LargeEditor/Animator: Marlene Large
World Wars Great Depression .Com bubble burst 9.11 Terrorism 2008 Meltdown
We always survive and grow stronger
.
Now is no different
It’s Time
Take responsibility
.
Claim your financial Independence
eMoney Advisor – Financial EDU – Economic RealityCreative Director: Jeffrey BerryWriter: Jeffrey BerryDesigner: Marlene LargeEditor/Animator: Marlene Large
This is how you (I, We) do it
.
Understand
Need Vs. Want
Make a Budget, live by it
.
Save 15% of every paycheck
Pay off credit cards every month
eMoney Advisor – Financial EDU – Economic RealityCreative Director: Jeffrey BerryWriter: Jeffrey BerryDesigner: Marlene LargeEditor/Animator: Marlene Large
Take advantage of employer 401K matching plans
.
Work with a trusted financial advisor
Use the web to monitor and track all your accounts
Adjust and Revise along the way
.
Take charge of your money Save Invest Protect Grow Succeed