coping with financial stress

Financial realities among most.

In today’s world, the financial situation, or the lack of finances, is causing a large percentage of the population a lot of financial stress; people are preoccupied with coping with the economic situation to make ends meet.

According to market watch and published by MSN Money, a study by the NORC at the University of Chicago, an independent social research institution, found that 51% of working adults in the United States would need to access savings to cover necessities if they missed more than one paycheck.

They found that specific communities were more prone to economic hardship, and missing a paycheck would be devastating to them, as they would be unable to cover basic living expenses after missing more than one paycheck; this situation is found chiefly in households where the annual income was $30.000 annually or less.