Showing posts with label Federal Reserve Survey Report. Show all posts
Showing posts with label Federal Reserve Survey Report. Show all posts

Sunday, 19 March 2017

Taking poor decisions in purchasing and investment.

Some American households are still feeling the sting of the recession. According to the Federal Reserve survey, "60% of respondents reported that their families were either 'doing okay' or 'living comfortably' financially; almost 1/4th of them said that they were 'just getting by' financially and another 13% said they were struggling to do so."
People who no longer feel the impact of the economic downturn still have to face the results of making their own decision. A large portion of the survey respondents (46% of men and 26% of women) acknowledge the impact of their financial decisions and say they would prefer to work towards making great investment or purchasing decisions.