Wealthy Americans Are Also Struggling to Make Ends Meet

Wealthy Americans Are Also Struggling to Make Ends Meet

Wealthy Americans Are Also , Struggling to Make Ends Meet.

According to a Federal Reserve Bank of Philadelphia survey, .

One in three Americans who make at least six figures a year are stressed about paying bills, CNN reports.

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30.8% of people making between $100,000 and $149,000 annually are worried about their expenses over the next six months.

That's a 21.3% increase from the year earlier.

32.5% of people who make $150,000 or more are worried about paying their bills.

That's a 21.7% increase from last year.

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Meanwhile, only 23% of those who make $70,000 to $99,999 are concerned.

Overall, there was a 28.7% increase in worry about making ends meet among all consumers.

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In order to mitigate financial worry, 43.1% of consumers said they are reducing their spending on entertainment and dining out.

In order to mitigate financial worry, 43.1% of consumers said they are reducing their spending on entertainment and dining out.

37% of people making over $150,000 a year say they are also cutting those costs.

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23.5% of all consumers are even cutting spending on food and medical care, with 17.1% of wealthy people claiming to be doing the same.

23.5% of all consumers are even cutting spending on food and medical care, with 17.1% of wealthy people claiming to be doing the same