3 of 4 Americans Living Paycheck-To-Paycheck
27% have no savings at all
By Ruth Brown, Newser Staff
Posted Jun 24, 2013 3:30 PM CDT
   (Shutterstock)

(Newser) – Thank God it's summer, because apparently few people in the US are prepared for a rainy day. A new study by Bankrate.com found 76% of 1,000 American adults surveyed don't have six months of expenses stashed away—enough to survive a job loss, medical emergency, or other unexpected financial crunch, reports CNNMoney. Worse, 50% didn't even have enough for three months, and 27% had no savings.

Despite the improving economy, these figures have stayed the same for three years. "People have long been woefully under-saved for emergencies," Bankrate's senior financial analyst tells the Huffington Post. "While they may now realize the importance of emergency savings, they’ve done very little to move the needle."

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Showing 3 of 69 comments
GaryUSA
Jun 25, 2013 2:25 PM CDT
My problem is that "Think and Grow Rich" by Napoleon Hill didn't work, and I can't get a refund on it.
Drewzy
Jun 25, 2013 2:02 PM CDT
Is Romney going to tell us, now, that 76% of us are free-loaders?
KDickley
Jun 25, 2013 1:59 PM CDT
Didn't Oblabla promise if you elected him the first time, he would pay your mortgage, give you an Obama phone and make your life better? Is your life better? No? It must be Bush's fault.