Survey: One-fourth of Americans have no emergency savings

More than a quarter of all Americans would be completely unprepared financially if they fall ill or have some other kind of emergency, a new study from Bankrate.com revealed Monday.
Bankrate’s June 2014 Financial Security Index, a telephone survey of more than 1,000 adults across the United States, found that 26 percent of consumers have no emergency savings at all, a far cry from the recommended six months or more of expenses. The findings are surprising because many analysts had expected Americans’ saving habits to change after the Great Recession, which showed the importance of having money stashed away.

Read more

Survey: One-fourth of Americans have no emergency savings

More than a quarter of all Americans would be completely unprepared financially if they fall ill or have some other kind of emergency, a new study from Bankrate.com revealed Monday.

Bankrate’s June 2014 Financial Security Index, a telephone survey of more than 1,000 adults across the United States, found that 26 percent of consumers have no emergency savings at all, a far cry from the recommended six months or more of expenses. The findings are surprising because many analysts had expected Americans’ saving habits to change after the Great Recession, which showed the importance of having money stashed away.

Read more

  1. stoopidtrix reblogged this from aljazeeraamerica and added:
    That typically requires EXTRA MONEY.
  2. stanleyupindishoe reblogged this from aljazeeraamerica
  3. luis-luc reblogged this from aljazeeraamerica
  4. wilmerots reblogged this from aljazeeraamerica
  5. delucaassoc reblogged this from aljazeeraamerica
  6. twistedlandstourguide reblogged this from russalex
  7. notsotypical-zombie reblogged this from russalex
  8. russalex reblogged this from mycrazymessedupbrain
  9. lonestarcelt reblogged this from aljazeeraamerica
  10. yourstocksguide reblogged this from aljazeeraamerica
  11. mbhp reblogged this from aljazeeraamerica and added:
    "Saundra Davis, a financial coach and the founder of Sage Financial Solutions in San Francisco, said in a news release...
  12. thephilosophershavequestions reblogged this from aljazeeraamerica
  13. ah-thenah reblogged this from furallicah
  14. tansytum reblogged this from aljazeeraamerica
  15. not-at-the-dinner-table reblogged this from progenyofworms
  16. jess-o-rama reblogged this from jess-orama
  17. jess-orama reblogged this from lillivati
  18. coyotepup345 reblogged this from lelouch2156
  19. lelouch2156 reblogged this from furallicah
  20. silas216 reblogged this from aljazeeraamerica
  21. siltith reblogged this from aljazeeraamerica
  22. danceofchaos reblogged this from the-yodelling-muffin
  23. mikeregrets reblogged this from aljazeeraamerica and added:
    I am the 25%
  24. dolokhovs reblogged this from borgevino
  25. chemman9 reblogged this from aljazeeraamerica
  26. unpaidfilm reblogged this from aljazeeraamerica