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FNN: NEW STUDY: People Dont Have Cash - Not Even $500 In Accounts
Posted
January 13, 2017
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January 13, 2017
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18:35Now PlayingBrought to you by Desert Diamond
Nearly six in 10 Americans don’t have enough savings to cover a $500 or $1,000 unplanned expense, according to a new report from Bankrate.
Only 41% of adults reported having enough in their savings account to cover a surprise bill of this magnitude. A little more than 20% said they would put it on a credit card, the report said, while 20% would cut their spending and 11% would turn to friends and family for financial assistance.
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