It’s not secret that the American economy has seen better days. The 76% of average citizens who live paycheck to paycheck can vouch for that. Today, 27% of Americans don’t have any savings, over 40% of households spend more than they earn, and the credit card debt balloon has been inflating rapidly with a net increase of $57.1 billion of new credit card debt last year (2014).
While the situation may seem dire, there are ways that some Americans invest and save their money that can secure their financial futures. Some people receive a structured settlement as the result of either a lawsuit or lottery earnings. These additional earnings can be used in several ways, but if you’re receiving a structured settlement, there are some things you should know and consider.
Lump Sums vs. Structured Settlem