One-third of Americans can’t afford food, housing or health care

The wide range of scores reflect the growing wealth gap in America.


Almost half of Americans struggle to pay there bills, and an astounding one-third of them are at risk of running out of food, not being able to afford a place to live, or not having enough money for health care or medical treatment.

In a new survey of financial well-being released by the Consumer Financial Protection Bureau, numbers reflect the diminishing median net worth of an American family, as well as the daily struggles families have with being able to pay for basic living expenses.

According to the report:

“There is a wide variation in how people in the U.S. feel about their financial wellbeing. The average financial well-being score for U.S. adults is 54 on a scale that falls between zero and 100. 3 However, there is a 35-point spread between the top 10 percent and the bottom 10 percent of scores. About a third of all adults in the United States have financial well-being scores of 50 or below, about a third have scores between 51 and 60, and about a third have scores of 61 or above.”

The wide range of scores is not surprising given the continued wealth gap in America, with the top 1% controlling an unprecedented majority of the nation’s wealth.

Financial well being scores reflected how secure someone was feeling. Lower scores were indicative of families struggling to make ends meet and experiencing material hardship, while higher scores came from Americans that had a low probability of having trouble to pay for basic needs.

The CFPB surveyed more than 6,300 people in 2016 for the study. Questions included whether or not respondents could enjoy life because of their financial situations and how much individuals and families had leftover after paying their bills every month.

Interested in your financial well being? You can take the test here.


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Alexandra Jacobo is a dedicated progressive writer, activist, and mother with a deep-rooted passion for social justice and political engagement. Her journey into political activism began in 2011 at Zuccotti Park, where she supported the Occupy movement by distributing blankets to occupiers, marking the start of her earnest commitment to progressive causes. Driven by a desire to educate and inspire, Alexandra focuses her writing on a range of progressive issues, aiming to foster positive change both domestically and internationally. Her work is characterized by a strong commitment to community empowerment and a belief in the power of informed public action. As a mother, Alexandra brings a unique and personal perspective to her activism, understanding the importance of shaping a better world for future generations. Her writing not only highlights the challenges we face but also champions the potential for collective action to create a more equitable and sustainable world.