One in four Americans believe they are poor, according to a new survey by the Chicago-based online lender CashNetUSA.com. Conversely, 69% of those polled felt they were not poor, while 6% said that they were still trying to decide their financial status.
Individuals living in the North Central region of the U.S. felt more impacted by financial woes, with 32% considering themselves poor, followed by the South (25%), West (23%) and Northeast (20%). Almost one-third of those survey participants under age 30 considered themselves poor, compared with 14% of those ages 50 to 59.
‘Americans are living in economic pain which is impacting their credit scores and ability to access credit to manage their expenses,’ says Keith Weinberger, director of marketing and new initiatives of CashNetUSA.com. ‘The survey found that those in financial trouble have a good handle on their monthly balances and know when they need help.’
The CashNetUSA.com survey was conducted online in February by TNS among a national random sample of 1,000 Americans.