1. You have a stable job with a steady income that covers your expenses and allows you to save money for the future.
2. You have little to no debt and are able to pay off your credit card bills in full each month.
3. You have an emergency fund set aside for unexpected expenses, such as medical bills or car repairs.
4. You are able to contribute regularly to retirement accounts, such as a 401(k) or IRA, and are on track to meet your long-term financial goals.
5. You are able to afford discretionary expenses, such as travel, entertainment, and dining out, without having to rely on credit cards or loans.
Reported 5 months ago
The article discusses five signs that indicate good financial health in America, including being financially literate, following a budget, understanding good vs. bad credit, saving money consistently, and recognizing that money is a means to an end rather than an end in itself. It emphasizes that managing finances well is more about habits and knowledge than the actual amount of money in the bank account, highlighting the importance of financial literacy, responsible spending, and long-term wealth-building strategies.