advancing family assets year-end report - 2012
DESCRIPTION
Year 3 results for United Way's Advancing Family Assets initiative.TRANSCRIPT
Financial Behaviors AFA Families
June 2012 US Families
CASH FLOW MANAGEMENT
Have checking account 76% 89%
Pay all bills on time 62% 88%
Track expenses 76% 79%
Use a spending plan/budget 69% 46%
Learned about money mgmt 100% 20%
SAVINGS
Have savings account 66% 75%
Have emergency fund 21% 33%
Save money on a regular basis 41% 49%
Save for long-term goal (house, car, education)
21% 39%
CREDIT MANAGEMENT/INVESTMENTS
Have credit card 21% 79%
Review credit reports 100% 58%
Have any retirement account 14% 63%
Have any investment account --- 52%
OTHER FINANCIAL EXPERIENCE
Own home (1 family) 65%
Spend more than 30% of income on housing*
69%
38%
Spend more than 50% of income on housing
30%
14%
Own car (by household) 97% 91%