Many Americans facing financial stress post-pandemic, leading to mistakes and reliance on credit cards.

From Yahoo Finance: 2025-05-10 06:04:00

A recent survey by Prosper found that 45% of Americans think the economy worsened post-pandemic, with only 42% confident in managing financial setbacks. Economic stress is leading to major issues as debt and costs rise.

68% of respondents admit to not investing, a critical mistake with long-term consequences for retirement. Experts emphasize the importance of beginner-friendly platforms and education to boost financial confidence.

Financial stress is causing 57% of Americans to live paycheck-to-paycheck, up from 48% in 2016. The reliance on credit cards is increasing, with 63% unable to pay off balances in full. Building an emergency fund and considering debt consolidation are crucial steps to avoid further financial strain.



Read more at Yahoo Finance: Money Stress Is Causing You To Make These 3 Mistakes: How To Avoid Them