Los Angeles-Long Beach, CA (PRWEB) May 11, 2014
Debt Consolidation USA shared in an article published last May 7, 2014 the top financial problems of Americans for 2014. The article titled “Just Revealed: Top Financial Problems Of Americans In 2014” shares the sentiments of Americans when it comes to financial worries for the year.
The article points out that Americans tend to be worried about different things at different points in life. As the years pass by, the priorities in life changes. What is regarded as the main problem changes as well. The article further explains how important it is to identify what worries consumers to better address the concerns.
According to the article, the top three financial problems of Americans are lack of money or low wages which is at 13%. Next would be cost for healthcare at 12% and followed closely by student and college expenses at 11%. The article further breaks down the priorities of each age group and what is perceived as most important at that point in life.
18 years old to 29 years old are most worried about student loans and other college related expenses. This is closely followed by lack of money and housing. This is not at all surprising because this group age are the ones in college and about to graduate.
Next group between 30 years of age to 49 years old still shows that college loans are still on top of mind followed by lack of money and health care. This is around the time Americans are still paying for college loans and seriously looking quality health care facilities because of age.
The article also shares that the 50 years old to about 64 years of age are mostly worried about healthcare above anything else. This is followed by worrying on bills, credit card and other forms of debt.
The last demographic of 65 years old and above are most worried about healthcare and lack of money followed by cost of living and inflation. Being the age of retirement, it follows that the age group are worried mostly about continuing healthcare and if the funds saved up for retirement will not be eaten up by the inflation rate.
The article further shares that after knowing the top financial worries of Americans, there are ways to address the concerns and deal with each point. The article explains the government is doing its part in addressing the most pressing concern which is the lack of money or low wages.
It states the fact that President Obama increased the federal minimum wages and enjoined the other states to follow suit. To read the rest of the article, click on this link: http://www.debtconsolidationusa.com.