Happy Presidents Day!
Here are a bunch of financial stats I’ve been saving up that would shock our founding fathers right up from out of their graves, haha…
All that freedom they fought for, and what do we do with it all?? Spend it accumulating more junk and getting those shackles right back on us!
“43.3% of Americans have less than $500 set aside for a financial emergency” – MyBankTracker.com
“14.5% of Americans don’t even know what an emergency fund is.” – MyBankTracker.com
“Americans are dying with an average of $62,000 of debt” – CBSNews.com
:( :( :(
“Traditional burials average $7,360 and two-thirds of Americans have not taken the steps to detail their final arrangements” – National Funeral Directors Association
Yeah, BECAUSE THEY CAN’T AFFORD TO DIE!
“Two-thirds of pet parents would buy a portrait, blanket or article of clothing with their dogs face on it.” – Rover.com
And exactly why those stats up there are facts, haha….
“43% of dog lovers would consider signing their dog up for doga (dog yoga).” – Rover.com
Okay I lied, this would be the reason 😱
(Photo by ErharYaksaa on the Doga Wikipedia page… It’s a real thing!)
“26% of people admit to hiding debt from their partner” – LendingClub.com
But on the positive side, the same study showed over a quarter of people surveyed said they’d “rather date someone who has NEVER owned a credit card, than someone who has moderate credit card debt ($1k – $10k).” That’s interesting! I wonder how big that pool of people is though who’s never had a card before?? Most would be in Generation Z, right?
“57% of Americans say that finances are preventing them from checking things off their bucket lists” – ProvisionLiving.com
“The average amount of money people are willing to spend on a bucket list item – $3,801” – ProvisionLiving.com
Okay, that’s more interesting :)
“The top financial bucket list goals – 1. Pay off debt 2. Pay off mortgage 3. Retire early 4. Save for child’s tuition 5. Donate to charity 6. Buy a home.” – ProvisionLiving.com
Those aren’t bucket lists – those are financial goals! Haha… Though I’m not hating on them!
“Nearly 1 in 3 Americans think “Bigfoot” being real is more likely than retiring comfortably” – AARP
Okay, well we all know Bigfoot is legit, but retiring?? That one’s so much easier to get than bigfoot! :)
“A burglary occurs every 13 seconds, and 34% of burglars will enter a home through the front door.” – SafeAtLast.co
So pretty much, about 15 robberies have happened since you’ve been reading this post, womp womp…
“According to the FBI, the average value lost per burglary is $2,416” – SafeAtLast.co
That seems low? No? Though I guess a robber would be pretty hard pressed to find anything in my house worth over $300 (TV), haha… unless they find my coin collection (*gasp*!)
“Nearly 60 percent of investors ages 18 to 34 say they already have taken money from their retirement account” – E-Trade Financial
ACK!! That’s the #1 no-no in the Hand Book of Investing! Convert it to cash or make trades ’till the cows come home, but for the love of all wealth – don’t remove it from the account!
“1/3 of LGBTQ people in the US admit taking out a Payday Loan” – OverdraftApps.com
That sucks, but did you know we actually have a handful of great LGBTQ $$$ bloggers in our community? One of my favorites is DebtFreeGuys.com, and I’m hoping they’ll accept my request of putting together a comprehensive *list* for others to quickly find as well :) We have such a talented – and diverse – group of people in our financial community here. It’s really incredible!
“On average, people have six past late payments on their credit report.” – LendingTree.com
I probably did too in my 20s, but proud to say there hasn’t been a ding on there the last few times I’ve ran it ;) Which you can do for FREE at any time, btw, by going to AnnualCreditReport.com (sounds spammy, but it’s for real!).
“Men are nearly 2.5 times (over 17% compared to 7%) more likely to be scammed than women.”
That’s because us men aren’t as smart as women :)
*** But there are some GOOD things happening too! ***
“95% of borrowers in the 100 metros we reviewed are paying their bills on time.” – LendingTree.com
Work it, America!
“62% of shoppers say that they have used coupon apps or deal sites to find deals when they shop.“ – Ting.com
One of the best habits you can get into! I’ve found countless coupons from $1.00 off to $100 off over the years with a simple 5 second search on Google… And pair that with the browser extension, Honey, and often times you don’t even have to bother yourself as it’ll automatically find them for you!
“59% of America has already cut the cord” – WaterstoneGroup.com
It’s a beautiful thing!! We’re on year #3 ourselves of being cable-free and haven’t missed it an ounce… Though we do cheat and have bunny ears, as well as Netflix, Hulu, and Amazon prime for instant streaming ;) You take those away and I’ll def. miss it, haha…
“People who live west of the Rockies are the most likely to repay their credit card debt on time” – LendingTree.com
Random, but awesome!
The top 3 states to retire early: #1. South Dakota, #2. Kentucky, #3. Montana – SmartAdvisorMatch.com
No Colorado??? King of the FIRE bloggers?
“Alabama is the best state in the US for financially savvy over 55s.” – Stannah-Stairlifts.com
*Makes calendar item 16 years in the future to remind myself*
“Top Cities to Pay off Credit Card Debt: #1. Tacoma, WA, #2. Bakersfield, CA, #3. Fort Worth, TX” – SmartAsset.com
I will never in 100 years move to Fort Worth, but God bless you and your credit card skills!
“Financially secure people workout 46% more” – CometFi.com
Looks like I finally made it then – score!! Three months in a row now running consistently and will have to make sure and never stop if it means going broke again, haha…
Run, J. Money, RUN!!!!!
And that’s it for this round…
Print these nuggets out and make sure to recite them at your Presidents Day galas tonight! That Bigfoot one never disappoints!
For further statistical enjoyment:
Jay loves talking about money, collecting coins, blasting hip-hop, and hanging out with his three beautiful boys. You can check out all of his online projects at jmoney.biz. Thanks for reading the blog!