photo credit: Dawn Ashley

Anxiety over the current poor economic situation is felt by different people in different ways, but the one thing in common is that nearly all Americans are feeling some kind of stress, judging by a recent survey. The results included some of the following statistics, none of which are especially positive:

• Many homeowners are feeling concerned about the effect of the current economic situation on their homes and loans. 25% are worried that the bank might foreclose on them and 45% are worried that a rise in property tax rates could mean they are unable to afford to stay in their home.
• Many people are worried about an inability to save money at the moment. 58% of people surveyed had nothing saved for retirement and can’t afford to save anything at the moment.
• Credit card problems are rife. 63% of people consider they have too much credit card debt.
• Inflation has many people scared. Almost 75% of people think that their salaries aren’t keeping up with general living costs and half of the people surveyed thought they won’t be able to keep up with their medical care costs.
• Many people are worried about the security of their employment: 38% of people are concerned that they could be laid off from their jobs.

photo credit: ralphbijker

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credit: CarbonNYC

If you’re graduating from college soon, or are trying to decide what to study there, then the recent figures on current starting salaries for new graduates in a variety of fields might be very interesting for you. (more…)