Nearly a quarter of Americans have no emergency savings, according to a new report from Bankrate.com.
However, the percentage of those without an emergency fund currently sits at a six year low, down to 24% this year from 28% last year.
Additionally, Americans with an adequate savings cushion – enough…
Americans need to save more and borrow less. Lately, though, the credit card has been winning in the eternal battle between debt and savings, a new study from Bankrate finds.
Bankrate found that 52% of Americans report they have more money in emergency savings accounts than they do in credit…
A new study from Bankrate shows that the majority of Americans lack the funds to deal with an everyday life emergency.
Specifically, the study found that nearly six in 10 Americans don’t have enough savings to pay for a $500 car repair or a $1,000 emergency room bill…
A disturbing new report from Bankrate finds that 66 million U.S. adults have zero dollars saved for an emergency.
Emergency savings comprise a vital “first tier” of any savings plan. Having money for emergencies reduces anxiety and prevents people from running up high interest debt to cope with unexpected…
We’d all like to have zero credit card debt and 6-months’ worth of emergency savings, but that’s not how things are working out for many Americans.
A new Bankrate report finds that just over half of Americans have more emergency savings than credit card debt.
This is…
A lot has been written about how so few Americans are really prepared for retirement. We usually see this expressed as a lack of adequate savings, but there’s another side to the coin.
In fact, many Americans do save for retirement, then find themselves using these funds well short…
With so many Americans living paycheck-to-paycheck, it isn’t surprising that U.S. savings rates are at very low levels. This is especially worrying when it comes to emergency savings, since these funds provide a lifeline desperately needed by people living paycheck-to-paycheck.
A new study from…
A new report shows why we’re in a savings crisis in this country. Not only are Americans not saving enough overall, but far too many of us aren’t saving anything at all.
Experts say that we need to save at least 10% of our income toward retirement, if…
Credit card debt that seems safe and manageable can become an untenable burden once we’re hit with a job loss or family medical emergency. That’s why – at the least — your credit card debt should never exceed the amount you’ve set aside to deal with emergencies.
Yet, a…
Far too many Americans have more medical debt than they have emergency savings, according to a new report from Bankrate.
In fact, around 25% of people surveyed by the company were in that predicament. This number jumps to 44% among people earning less than $30,000 annually.
Even those who…