Monday, June 24, 2013

Culture of Spending: 76% of Americans Living Paycheck to Paycheck

american saving

  • Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults.
  • 50% of those surveyed have less than a three-month cushion and 27% had no savings at all.
  • 22% of the 1,000 people it recently surveyed had less than $100 in savings to cover an emergency, 
  • while 46% had less than $800