The InCharge Education Foundation COPE™ Scale
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Financing Everyday Life: Anxieties of the Debt Distressed
Debt relief seekers usually have severe financial problems. In fact, they are often so laden with money and credit problems that they can barely meet their living expenses, let alone find money for a financial emergency.
This report examines the extent to which the debt distressed and the general population worry about meeting their monthly living expenses, and their confidence in being able to find $200 in the event of a financial emergency.
It is based on a study which was conducted by the InCharge Education Foundation (ICEF) to assess the financial challenges, money management skills, and bill paying behavior of both the debt distressed and the general population.
It further sought to determine the extent to which their financial crisis affects their lifestyle, health, life at work, and preparation for retirement. A comparison of the general population and the debt distress is first presented. A section reflecting demographic characteristics follows using only data from the general population.
