Search On This Site

Custom Search


It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever
Subscribe via RSS



Contact Information: 
Submit: articles [ at ] investmentwatchblog [dot] com 
Advertising: ads [ at ] investmentwatchblog [dot] com 
General: admin [ at ] investmentwatchblog [dot] com

Nearly 3 out of every 10 Americans do not have ANY savings lined up for an emergency


majority of Americans do not have enough savings to last them six months if they were to lose their jobs.

A new survey shows that even though the tough economy has taken a significant hit on household incomes, that has not prompted people to make a more drastic effort to build up their precautionary savings.

Only a quarter of respondents to a national poll said that they had savings equivalent to six months’ salary, even though that is the generally-recommended marking point for financial experts.

By the numbers: The poll showed that the largest group of respondents had no emergency savings stored for the worst case scenarioBy the numbers: The poll showed that the largest group of respondents had no emergency savings stored for the worst case scenario

At the same time, a staggering 28 per cent of the 1,000 respondents who participated in the Bankrate.com poll had no savings at all.

Overall, a majority- 66 per cent- of respondents had saved at least five months.

 

Read more: http://www.dailymail.co.uk/news/article-2164621/Nearly-3-10-Americans-ANY-savings-lined-emergency.html#ixzz1yrYMZC1X

30 Total Views 1 Views Today
Did you already share this? No? Share it now: