WASHINGTON (dpa-AFX) - The Consumer Financial Protection Bureau or CFPB's recent survey report noted that a third of all adults in the U.S. have financial well being scores of 50 or below. The average financial well being scores for adults is 54 and those comes under 50 score are struggling to make ends meet.
The survey also revealed that financial well being is higher for older adults, especially those aged 65 and above. Those with 'excellent' or 'very good' physical health the well being score is 58 when compared to an average of 50 for those with 'good' or 'poor.'
Younger adults of 34 and younger are tend to have the lowest financial well being with an average score of 51. Even then, the socio-demographic categorization do not have a strong relationship with financial well being.
The National Financial Well Being Survey was based on 70 personal and situational measures.
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