News organizations like the Washington Post and USA Today have reported that the US is a “land of opportunity” for Americans who don’t have the means to pursue a career in the financial services industry.
In the United States, a person without money can live the life of a “household,” according to a new report by The National Bureau of Economic Research.
The report, which was based on a survey of more than 2,000 U.S. adults, says that “only 4 percent of people have a bank account” and that “fewer than half of Americans have any type of savings account.”
The National Bureau also says that one-third of Americans are dependent on their parents’ income for at least one month of the year.
“There are more than a billion Americans living in poverty and almost two-thirds of Americans who are currently without a job have struggled financially in recent years,” the report states.
According to the report, about 7.5 million Americans are living paycheck to paycheck, and more than 9.5 billion people are on food stamps, making the US the third largest recipient of food stamps after the United Kingdom and Canada.
When it comes to education, more than one-fifth of Americans lack a college degree.
The report also says the average household earns $37,000 annually, with the median annual income of an American household of $62,400.
However, the study finds that “between 30 percent and 40 percent of American adults are not earning enough to cover basic needs.”
A person with a household income of less than $30,000 can be eligible for food stamps and other assistance programs, the report found.
“The U.N. report also makes clear that many of the most vulnerable are not doing well,” said Matt Gourley, a senior research fellow at the Brookings Institution who authored the report.
This “disadvantage is most acute for women, particularly those living in urban areas where they have few other options,” he added.
“There is no shortage of opportunities in our economy, but there is a problem,” Gourie said.
This is the second report on the U.K. and the U of C. from The National Bank.
Earlier this month, the bank’s report noted that “it has become harder and harder for middle-income families to find a home in the U .
K. as rents and rents are so high and the cost of living is so high.”
This story has been updated to include comments from The Washington Post.