Wealthy Americans Are Also Struggling to Make Ends Meet

Wealthy Americans Are Also , Struggling to Make Ends Meet.
According to a Federal Reserve
Bank of Philadelphia survey, .
one in three Americans who make at least six figures a year are stressed about paying bills, CNN reports. .
30.8% of people making between $100,000 and $149,000 annually are worried about
their expenses over the next six months.
That's a 21.3% increase from the year earlier.
32.5% of people who make $150,000 or more are worried about paying their bills.
That's a 21.7% increase from last year. .
Meanwhile, only 23% of those who make $70,000 to $99,999 are concerned.
Overall, there was a 28.7% increase in worry
about making ends meet among all consumers. .
In order to mitigate financial worry, 43.1%
of consumers said they are reducing their spending on entertainment and dining out.
In order to mitigate financial worry, 43.1%
of consumers said they are reducing their spending on entertainment and dining out.
37% of people making over $150,000 a year say they are also cutting those costs. .
23.5% of all consumers are even cutting spending
on food and medical care, with 17.1% of wealthy people claiming to be doing the same.
23.5% of all consumers are even cutting spending
on food and medical care, with 17.1% of wealthy people claiming to be doing the same