Client Profile: Average Monthly Shortfall

1
Client Profile Average Monthly Shortfall
Take Home Income vs. Living Expenses Debt
Payments
2
Client Profile Average Unsecured Debt
3
Client Profile Causes of Financial Distress
4
Client Profile An Average Client. . .

• Annual Household Income - 39,000
• Unsecured Debt - 28,769
• Monthly Net Income - 2,600
• Unsecured Monthly Debt Payments - 1,006
• Debt to Income Ratio 38.6
• (on unsecured debt payments)
• Monthly Shortfall - 616
• (Net income less living expenses debt payments)

5
2009 Consumer Financial Literacy Survey

• Conducted by HarrisInteractive for the National
  Foundation for Credit Counseling
• 57 of Adults (128 million people) do not have a
  budget
• 7 of Adults (16 million people) do not know how
  much they spend on housing, food, and
  entertainment
• 32 of Adults (72 million people) report they
  have no savings
• 26 of Adults (58 million people) admit to not
  paying all of their bills on time