Americans Still Experiencing Financial Hardship with No End in Sight

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Recent PEW research shows that many Americans are still experiencing financial problems and that there has been no decline in the percentage of Americans facing severe financial problems. Texas residents who need financial help are encouraged to apply for an Austin Car Title Loan.

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Recent PEW research shows that many Americans are still experiencing financial problems and that there has been no decline in the percentage of Americans facing severe financial problems. On top of that, the results also show that many expect the economy to be worse off a year from now.

Americans with low family incomes are facing the most financial problems. 60% of Americans with a family income less than $30,000 have faced financial strain this year. Those ages 30-49 are worse off than any other age group, with 51% reporting having faced financial strain in the past year.

42% of those who responded to the survey stated that they had faced difficulty obtaining or paying for medical care, problems paying their rent or mortgage, or have lost a job in the last year.

These numbers come as real estate prices are rebounding and investors are seeing the value of their portfolios increasing. It’s clear that while companies have recovered from the recession, the average American is still in the midst of recovery. That explains why only 27% believe that the economy is recovering and only a quarter of Americans expect the economy to be better within a year. The markets may be turning around, but few American’s are affected by real estate values increasing or the stock market rebounding.

So what do Americans base their views of the economic situation on? Gas prices (64%) and the price of consumer goods and food (58%) take the lead, before the budget deficit (39%) and the availability of jobs (39%).

With so many Americans scrambling to cover basic costs, one can’t help but wonder where they turn to when an unexpected emergency occurs and they need money quickly. Austin residents now have an alternative to asking friends or family for funds, or approaching a bank for a traditional loan: Austin Car Title Loans. This company provides Austin residents with secure, low-interest loans and can provide them with the cash they need within 24 hours of applying for the loan. The company features flexible repayment options and exceptional customer service, making them the obvious choice for Austin residents who find themselves in a tight spot financially.

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Cheryl Wilson
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