The numbers don’t lie — millions of families are still feeling the impact of the Great Recession.

Let’s look at some recent surveys that show why families need a funeral financing program (such as Tribute Loans) now more than ever.

GOBankingRates Savings Survey

Let’s start with the 2016 GOBankingRates survey. Here’re some of the survey’s key findings:

• In 2015, the number of people surveyed that had less than $1,000 was 62%.
• By 2016, that number jumped to 69%.
• When asked how much money was in their savings account, 34% had nothing saved at all, 35% had less than $1,000, 11% had between $1,000 and $4,999, 4% had between $5,000 and $9,999, and only 15% had $10,000 or more.
• Age isn’t much of a factor, as both Baby Boomers (55-64) and Millennials (25-34) were equally bad at saving. The percent of Millennials with less than $1,000 in savings was 67%, while that number for Baby Boomers was 69%.

Check out the full survey and methodology here.

Bankrate Survey

A more recent survey by Bankrate found similar results. Some key highlights include:

• In 2017, 57% of Americans surveyed didn’t have enough savings to cover an unexpected expense of $500.
• Of those surveyed, only 41% would pay for an unexpected expense with savings — the others were likely to use other means, such as asking family for help, reducing spending, using credit cards, or tapping into retirement.
• The Silent Generation (71 and older) were the most likely to use a credit card for an unexpected expense. This is something experts warn against, because of higher interest rates compared to consumer financing.

Check out the full survey and methodology here.

Life Insurance Study

Life insurance remains one option for paying funeral expenses. But the lack of coverage remains a real problem in the U.S. Here are some findings from the 2017 Insurance Barometer Study:

• 41% of Americans have no life insurance at all.
• 84% of people surveyed agreed that people need life insurance, but when asked, only 70% said they personally needed it.
• 66% said life insurance was too expensive and that they had other financial priorities.

Check out the full survey and methodology here.

Retirement Savings

Saving for retirement is also at a low in the U.S. Let’s look:

• Another GOBankingRates survey found that one out of three Americans has no retirement funds at all.
• The same survey found that 56% of Americans have less than $10,000 saved.
• A 2016 NerdWallet survey found that financial anxiety is running high. 40% of older Americans (45-54) are concerned about their lack of retirement savings, and only 20% believe they have enough saved for retirement.

One of the biggest reasons why Americans are saving less is that their financial priorities have increased, but their paychecks haven’t. The typical U.S. household is making 2.4% less than they were in 1999.