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Ninety-two percent of American households making between $50,000 and $150,000 per year are able to cover their monthly expenses and 55% are tucking away some portion of their income into savings, according to a new survey from TruStage.
What's more, 71% of survey respondents in the middle-income bracket – referred to as middle-market Americans by the Madison, Wis.-based insurance, investment and technology provider – said their financial situation is good, while 37% said it is improving. And, younger generations were more likely to report an improving financial situation, with 61% of Gen Zers, 49% of millennials, 33% of Gen Xers and 26% of boomers stating their personal financial situation is on the upswing.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
