Did You Know?
As in previous years, in 2012, just over two in five US adults (43%) report that they have a budget and keep close track of their expenditures. More than half (56%) admit they do not have a budget, including more than 1 in 5
(22%) who say they don’t have a good idea of how much they spend on housing, food, and entertainment.
Though the likelihood of having a budget has not changed over the past 5 years, the proportion of adults who do not pay all of their bills on time has increased from 28% in 2011 to 33% in 2012 – that is, fully one-third of
US adults, or more than 77 million Americans, do not pay all of their bills on time.Source: 2012 NFCC Financial Literacy Survey)