The Four Levels of Financial Health: Where Do You Stand?
Did you know that 57% of American adults are struggling financially? Unfortunately, in today’s society, that number doesn’t come as a shock to most of us. However, something else may come as a surprise. While over half of American adults are facing financial issues, they are all facing them in different ways. Indeed, there are four “levels” or “sections” of struggling financial health: the financially striving, the financially tenuous, the financially unengaged, and the financially at-risk.
Each of these “sections” present a different level of financial stress. Yet, each one also exhibits a problem with financial planning, preparation, and execution. For this reason, we are going to take a closer look at each group individually.