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Table 1: Key Financial Indicators
Indicator | Value |
---|---|
Average Savings Rate in the US | 5.4% |
Average Credit Card Debt per Household | $5,525 |
Percentage of Americans Living Paycheck to Paycheck | 64% |
Table 2: Benefits of Compounding Interest
Investment | Initial Amount | Interest Rate | Years | Final Amount |
---|---|---|---|---|
Simple Interest | $1,000 | 3% | 10 | $1,300 |
Compound Interest | $1,000 | 3% | 10 | $1,343.95 |
Table 3: Types of Insurance Coverage
Type of Insurance | Purpose |
---|---|
Life Insurance | Provides financial protection for your loved ones in the event of your death. |
Health Insurance | Covers medical expenses and healthcare costs. |
Homeowners Insurance | Protects your home and belongings from damage or loss. |
Auto Insurance | Protects your vehicle and yourself from liability in the event of an accident. |
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