Why Americans Are Actually BROKE! (2022 Edition)

Nearly 60% of Americans can’t come up with $1,000 in an emergency. Even more are living paycheck-to-paycheck. Why are Americans so bad with money? In this episode, we’ll discuss mistakes the average American makes with money and what you can do differently.

In this episode, you’ll learn:

• Shocking data that shows why Americans are broke
• What things you should focus on when it comes to building your wealth
• Money Guy tips to manage your money well

Research and resources from this episode:

• As inflation heats up, 64% of Americans are now living paycheck to paycheck
• Survey: Less than half of Americans have savings to cover a $1,000 surprise expense
• Why Are So Many Households Unable to Cover a $400 Unexpected Expense?
• Mortgage interest rates from 1st quarter 2019 to 4th quarter 2021 in the United States, by mortgage term
• Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
• Consumer Debt Continued to Grow in 2021 Amid Economic Uncertainty
• A Look at the Shocking Student Loan Debt Statistics for 2022
• Average credit card interest rates: Week of June 1, 2022
• Average Credit Card Debt in America: 2021
• What’s the Average Length of a Car Loan?
• A $45,000 Loan for a $27,000 Ride: More Borrowers Are Going Underwater on Car Loans
• You’re spending more on your subscription services than you think
• Work with us

Enjoy the Show?

• Sign up for the Financial Order of Operation (FOO) Online Course!
• Sign up for our Know Your Number Course!
• Check out our Net Worth Tool!
• Get FREE downloads full of financial advice from our Resource Page!
• Subscribe on YouTube or wherever you listen to podcasts.