Monday, December 30, 2019
69.3% think paying bills on time shows someone is well-off
69.3% think paying bills on time shows someone is well-off69.3% think paying bills on time shows someone is well-offData from Comet shows that 69.3% of Americans surveyed think that if someone pays their bills on time, they are considered well-off.Overall, respondents said having an average of $4,177 in their checking accounts and an average of $57,404 in their savings accounts would also land them in this category. But among people who think of themselves in this way, the results varied by generation. Also, taking a larger-scale look at things, 39.1% of people who weighed in think theyre well-off.In terms of how the research was carried out, Comet polled 1,006 Americans between the ages of 18 and 80 via Amazons Mechanical Turk, weighted the data to the 2017 U.S. census for age, and noted that all of the results rely on self-reported data.Heres what it takes to be seen as well-offCheck out the Top 10 responses1) They pay their bills on time 69.3%2) They can afford experiences (travel , concerts, etc.) 67.8%3) They are debt-free 67.1%4) They established a retirement entdeckung 65.4%5) Theyre a homeowner 64.8%6) They established an emergency fund 61.4%7) They have sufficient money for food or essentials 60.8%8) They maintain a stable job 60.3%9) They have an investment portfolio 59.5%10) They have a high credit score 58.8%The least popular choice (21)was they enjoy the topic of money at 16.6%.Heres how various generations feelThe infographic approaches this topic from a variety of anglesBut among people who arent well-off, 43.5% said theyd rather have more time with friends and family, and 56.5% would rather have a large amount of money. Among people who are well-off, 59.8% said theyd rather have more time with friends and family, and 40.2% would rather have more money.Furthermore, 36% of people who think theyre well-off agreed that money does buy happiness, while 65% agreed that you can still be a member of this category if you have student loans to pay off.It wa s great to see that the millennials are planning for their future ($54K in savings) and are on track to be better off than previous generations. This is counter-intuitive from what we hear in the media about this generation, Comet told Ladders.Heres what Americans recommendPeople who think of themselves as well-off shared their thoughts on getting to this point
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