(San Mateo, CA, Wednesday, February 24, 2021) – As the Coronavirus continues to mutate, spread, and disrupt daily lives, and as Congress continues to squabble over a new stimulus package Americans are left feeling less secure on a multitude of levels day by day.
A new survey commissioned by Freedom Financial Network shows just how vulnerable Americans feel, with 73% saying that an unexpected $500 expense or bill would be problematic.
With tax filing season being pushed back until February 12th American’s dependence on their tax refund has never been more evident with more than 1 in 5 (21%) claiming that it would be difficult to buy groceries and household goods that they or their household members need.
Further compounding the problem, 1 in 5 (20%) consumers indicate that receiving their tax refund 2–3 weeks later would lead them to accumulate more credit card debt.
Freedom Financial Network is a family of companies that takes a people-first approach to financial services, using technology to empower consumers to overcome debt and create a brighter financial future. The company was founded in 2002 by Brad Stroh and Andrew Housser on the belief that by staying committed to helping people, you can ensure better financial outcomes for both the customer and the business. This Heart + $ philosophy still guides the vision of our growing company, which has helped millions of people find solutions for their financial needs.