{"id":42239,"date":"2007-02-07T00:00:00","date_gmt":"2007-02-07T05:00:00","guid":{"rendered":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/2007\/02\/07\/v-bill-paying-practices\/"},"modified":"2024-04-14T03:31:14","modified_gmt":"2024-04-14T08:31:14","slug":"v-bill-paying-practices","status":"publish","type":"post","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/v-bill-paying-practices\/","title":{"rendered":"V. Bill-Paying Practices"},"content":{"rendered":"<p class=\"wp-block-paragraph\">About half (51%) of all adults surveyed say they don&#8217;t rely on a formal budget to guide household expenses. There are no significant differences between men and women; or among income groups. And, there are only modest differences by education and along racial and ethnic lines.<\/p>\n\n<figure><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" style=\"margin: 10px;border: 1px solid #666666\" src=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/3\/legacy\/304-interior.gif\" alt=\"Figure\" width=\"307\" height=\"677\"><\/figure>\n\n<p class=\"wp-block-paragraph\">There is some variance in the use of a budget by age. Adults on the younger side (ages 18-64) are more likely than those ages 65 and older to rely on a budget.<\/p>\n\n<p class=\"wp-block-paragraph\">Significant differences surface by marital status. <a href=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/what-americans-pay-for-and-how\/305-3\/\">Married people are more likely to rely on a budget<\/a> (51%) than are the unmarried (44%). Parents of minor age children (54%) are more likely than non-parents and those with adult age children (44% each) to say they use a budget to guide household expenses.<\/p>\n\n<p class=\"wp-block-paragraph\">Employment status is also important. <a href=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/what-americans-pay-for-and-how\/305-3\/\">Workers are more likely than retirees or non-retirees who are not employed to rely on a budget<\/a>.<\/p>\n\n<p class=\"wp-block-paragraph\">More than half (55%) of <a href=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/what-americans-pay-for-and-how\/306-3\/\">those who have had a debt problem<\/a> (those who have used a credit consolidator or declared bankruptcy in the past) say they rely on a formal budget. Similarly, those with credit card debt that exceeds their ability to pay in full each month are a bit more likely to have a budget for household expenses.<\/p>\n\n<p class=\"wp-block-paragraph\">Those who use a budget are <a href=\"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/what-americans-pay-for-and-how\/324-3\/\">more likely than those who don&#8217;t<\/a> to regularly review their household expenses.<\/p>\n\n<p class=\"wp-block-paragraph\">Among the former group, nearly two-thirds (64%) say they review their expense at least once a month to see how well they are doing or to make changes in their spending habits; among those in the latter group, just 40% say they engage in this sort of monthly review.<\/p>","protected":false},"excerpt":{"rendered":"<p>About half (51%) of all adults surveyed say they don&#8217;t rely on a formal budget to guide household expenses. There are no significant differences between men and women; or among income groups. And, there are only modest differences by education and along racial and ethnic lines. There is some variance in the use of a [&hellip;]<\/p>\n","protected":false},"author":131,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sub_headline":"","sub_title":"","_crdt_document":"","_prc_public_revisions":[],"_ppp_expiration_hours":0,"_ppp_enabled":false,"ai_generated_summary":"","relatedPosts":[],"reportMaterials":[],"multiSectionReport":[],"package_parts__enabled":false,"package_parts":[],"_prc_fork_parent":0,"_prc_fork_status":"","_prc_active_fork":0,"datacite_doi":"","datacite_doi_citation":"","_prc_seo_qr_attachment_id":0,"spoken_article_player_enabled":true,"bylines":[],"acknowledgements":[],"displayBylines":true,"footnotes":"","prc_watchers":[]},"categories":[],"tags":[],"bylines":[],"collection":[],"datasets":[],"level_of_effort":[],"primary_audience":[],"information_type":[],"_post_visibility":[],"formats":[458],"_fund_pool":[],"languages":[],"regions-countries":[],"research-teams":[519],"workflow-status":[],"class_list":["post-42239","post","type-post","status-publish","format-standard","hentry","formats-report","research-teams-social-trends"],"label":false,"post_parent":42199,"word_count":272,"canonical_url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/v-bill-paying-practices\/","art_direction":false,"_embeds":[],"watchers":[],"table_of_contents":[{"id":42199,"title":"What Americans Pay For \u2013 and How","slug":"what-americans-pay-for-and-how","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/what-americans-pay-for-and-how\/","is_active":false},{"id":42210,"title":"II. 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Cash, Check, Debit or Credit?","slug":"vi-cash-check-debit-or-credit","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/vi-cash-check-debit-or-credit\/","is_active":false}],"report_materials":[{"key":"a58a274f-41b3-46d0-a5fc-8344f17ebca9","type":"report","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/3\/2010\/10\/Expenses.pdf","label":"","icon":"","attachmentId":""},{"type":"dataset","id":1103,"label":"Personal Finance\/Social Trust","url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/dataset\/personal-financesocial-trust\/"}],"report_pagination":{"current_post":{"id":42239,"title":"V. Bill-Paying Practices","slug":"v-bill-paying-practices","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/social-trends\/2007\/02\/07\/v-bill-paying-practices\/","is_active":true,"page_num":5},"next_post":{"id":42250,"title":"VI. 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