As economic uncertainty continues to churn, many consumers report they are facing tough financial challenges. According to a survey by Harris Interactive for CouponCabin, 45% of U.S. adults said they feel less financially secure than they did one year ago, while 16% said they always worry about money. Adults with higher incomes are also feeling the economic pinch, as 39% with household incomes of more than $75,000 per year said they feel less financially secure than they did one year ago. A variety of different hurdles are contributing to financial insecurity. When asked why they don’t feel financially secure, respondents said:
Live paycheck to paycheck | 59% | Debt like student loans and car payments | 32% | ||
Underpaid at my current job | 41% | Credit card debt | 26% | ||
Unexpected expenses always pop up | 40% | The recent stock market ups and downs | 21% | ||
Can’t keep up with my bills | 35% | Amount owed on mortgage | 16% |
Despite many money issues, 83% of adults said they feel they live within their means. However they believe many things are overpriced, including:
Fuel for my vehicle | 80% | Utilities | 58% |
Medical care | 70% | Communication (telephone, cell phone, etc.) | 58% |
Entertainment (cable, movies, etc.) | 63% | Education | 41% |
Food | 59% | Housing | 37% |