New Survey Finds Most Americans Feel Financially Vulnerable – NMP Skip to main content

New Survey Finds Most Americans Feel Financially Vulnerable

Feb 27, 2015

Nearly half of Americans express concern over their financial healthy and most people are barely breaking even, according to a new survey released by The Pew Charitable Trusts. Many of those polled say they are barely breaking even or spending more than they make each month, and more than half said they were unprepared for a financial emergency.

In a national survey of more than 7,000 households, the Pew report “Americans’ Financial Security: Perception and Reality” found that 51 percent of Americans said their households are financially secure, but 56 percent reported worrying about their finances during the past year.

Fifty-five percent reported that they just breaking even or spending more than they earn each month, while 45 percent of Americans reported having a steady income and consistent expenses, and 36 percent of this group said their households had no savings. Fifty-seven percent of those surveyed said they were not prepared for financial emergencies.

In a spot of positive news, 56 percent rated their own financial situation as being stable, up from 42 percent during the recession in 2009, while the number of survey respondents rating the economy positively climbed to 27 percent in 2014, up from just nine percent in 2008. But when asked whether they would prefer to have financial security or move up the income ladder, 92 percent chose security, an increase of 7 percentage points since 2011.

“Our findings show that despite a steady economic recovery, many Americans continue to feel vulnerable,” said Erin Currier, director of Pew’s financial security and mobility project. “Many worry about their finances, and record numbers—more than 9 in 10—say it is more important to them to achieve financial stability than it is to move up the income ladder.”

About the author
Published
Feb 27, 2015
Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Oct 02, 2026
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Oct 01, 2026
Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Sep 29, 2026
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Sep 25, 2026
Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Sep 25, 2026
Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Sep 23, 2026