Pump up savings and trim consumer debt. Financial concerns topped the list of problems facing Michigan families in a recent State of the State Survey on issues facing Michigan families. The survey of 975 adult Michigan residents was conducted by MSU Extension and the MSU Institute for Public Policy and Social Research between February and April 1997. Family financial problems are of major concern across the United States. Poor credit histories are preventing people from qualifying for home mortgages.
Families have inadequate resources to meet emergencies.
Many families are living paycheck to paycheck. The number of personal bankruptcies continues to rise. Many people are reaching retirement years with inadequate preparation and savings. Productivity in the workplace is affected when workers are experiencing financial stress. Statistical Series A service of the U.S. Department of Commerce featuring statistical reports on the economic status of Americans.