Long Beach, CA (PRWEB) April 11, 2013
The Principle Financial Group conducted a survey which found that 44% of American workers hold off on making long-term financial commitments due to the economy. Because so many workers do not feel secure in their jobs or the economy, they do not build up a strong financial base nor feed the economy with major purchases to help it grow. Many Americans prefer to make short-term decisions until they reach a point where they feel more secure with their job and the economy.
The survey also found that 49% of American workers feel it would be difficult to pay an extra $1,000 in any given month to afford an unexpected expense like a medical emergency or urgent home repair. In addition, nearly half of the surveyed employees do not have enough money set aside in case of any unplanned major expense, such as job loss.
Several American workers find it difficult to save and plan for retirement. A whopping 43% of surveyed employees feel it would be difficult to save and plan for retirement. As would be expected, those with lower incomes are among the majority of people who feel retirement saving would be difficult. In addition, survey charts showed that most workers who are saving money for retirement are not saving nearly as much as they should.
With so many people unwilling to make long-term commitments and unable to prepare for the future, car title loans are growing increasingly popular. Californians turn to Long Beach Car Title Loans when they need a quick loan to tie them over if they have not made long-term preparations for the unexpected. Car title loans do not require credit checks, so they are popular for those who cannot qualify for bank loans due to bad credit. Car title lenders bypass the credit check process, which cuts down approval time. Applicants can get approved the same day they apply online and receive their cash the following day, making car title loans ideal for people who have not made long-term preparations for sudden unexpected expenses.