Nearly Half Have Less Than $500 In Bank
If you lost your job or had some other unexpected expense, would you have the cash to cover it? If you’re like nearly half of all Americans, the answer is no.
A recent survey by CreditDonkey.com finds 41% of Americans have less than $500 in savings.
The group include dual-income earners with homes, cars, 401k retirement savings plans, and credit card bills. Financial experts say these people have no liquid assets to cover a car breakdown or unexpected doctor visit.
Of those with less than $500 in the bank, more than half fear they’ll never be able to save money.