Monday, September 21, 2009

Debt, Money Woes Are Top Family Financial Problems


By: Zachary Pienkowski

As the economic slump continues, Americans' top reported personal financial concerns are perhaps among the most basic -- not having enough money to make ends meet. When asked to name the most important financial problem facing their families, 16% of Americans say "a lack of money" or "low wages," and 15% say it is too much debt.

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Each quarter, Gallup asks Americans to name -- without prompting -- "the most important financial problem facing your family today." The latest update is from a Feb. 9-12 poll.

Since October, when Gallup last asked this question, there have been significant increases in the percentage mentioning both a lack of money (up from 11% to 16%) and too much debt (up from 9% to 15%).

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