Page 15 - UIG Business Model Presentation

Are Americans Really That Bad With Money?

Savings Account Household
Credit Card Debt Debt Vacation

● According to the New

● More than half of York Fed in 2008, the Americas are
Americans have household debt was more worried
Americans’ total less than $1000 in $280 billion
credit card debt savings about paying for
has reached an ● In 2018 Americans’ debt their next

estimated $931 ● About six in 10 hit a new high of $13 vacation than
billion — a nearly Americans (61%) trillion include about saving
7% increase in don’t even have mortgages, student enough for
2017 enough savings to loans, and car loans retirement.

cover a $1,000 along with credit card
emergency fund and other debt—

● 39% say they ● Generation debt
literally have 80.9% of Baby Boomers
nothing in their 79.9% of Gen Xers
savings accounts. 81.5% of Millennials