Financials: 5 Spooky Personal Finance Statistics
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 30 October 2017
⏱️ 23 minutes
🧾️ Download transcript
Summary
Financials looks at statistics about emergency savings, credit cards, retirement saving, stock investing, and homeownership.
Transcript
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| 0:00.0 | Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day. |
| 0:07.0 | It's Monday, October 30th, and we thought we'd take a break from investing-centric things and talk a little bit about personal finance. |
| 0:12.8 | We're pulling out five big money stats. |
| 0:15.4 | They really highlight the state of personal finance in the United States. |
| 0:18.1 | Now the aggressive title for this episode is definitely five money stats that will knock |
| 0:21.4 | your socks off. |
| 0:22.2 | I don't know if we could quite deliver on that, but it's certainly |
| 0:27.0 | important as we head toward the end of the year to really talk about where we are with our money and what we're thinking about for 2018. |
| 0:33.2 | I'm your host Michael and I'm joined by Matt Frankel. |
| 0:35.4 | Hey Matt, welcome back to the show. |
| 0:37.0 | Hey, good to be here again. |
| 0:38.6 | All right, fantastic. |
| 0:39.9 | So before we get started, I think an important caveat applies here. |
| 0:45.2 | We're going to talk a little bit about these different stats and what they mean for Americans. |
| 0:48.9 | But here's the thing. |
| 0:50.0 | Everything we're talking about here is in a lot of ways window dressing for the one fundamental |
| 0:54.0 | rule of personal finance, which is spend less than you make, build an emergency fund, and invest |
| 0:59.4 | the rest. And I found a great article on fool.com that describes five great ways to save more money. |
| 1:04.8 | So if that's something you're really ready to commit to do either in the back two months of 2017 or |
| 1:09.7 | in 2018, shoot us an email at industry focus at fool.com. |
| 1:14.0 | It's by one of our best writers, and it's got a lot of really thoughtful ways |
| 1:17.5 | to think about budgeting and saving better, which |
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