NEW YORK, Feb. 17, 2016 /PRNewswire/ -- EY's Financial Wellness Assessment Analysis helps working US adults better understand how financially healthy they are based on their confidence and self-described behavior. The following data reflects assessments of over 2000 respondents taken between November 2015 and January 2016.
- When asked to think about assets, debts, savings and how satisfied respondents were with their personal financial situation overall, 37% were satisfied, yet 20% were dissatisfied.
- Almost 73% agreed their debt was manageable, with 11% stating they had no debt at all.
- When asked how many times over the past 12 months they had paid a bill passed its due date, 20% said they submitted late payments once or twice.
- Of the employees who consistently use credit cards, 66% said they pay the balance in full each month; a quarter (25%) pay more than the minimum due; the remaining 9% of working credit card users only pay the minimum.
- Forty percent believed they could maintain their minimum standard of living in the event of a 6- month absence from the workforce due to medical issues; 87% were confident they would be able to come up with $2,000 if an unexpected need arose within the next month.
- When asked about the last time they tried to determine how much they would need for retirement, 42% reported estimating their needs within the last 12 months, yet 35% said they had never tried.
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