Most Americans Lack Funds to Cover a Financial Emergency, Survey Finds

‘The economy looks a whole lot different on the ground that it does from 35,000 feet,’ said Bankrate chief financial analyst Greg McBride.
Most Americans Lack Funds to Cover a Financial Emergency, Survey Finds
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Nearly two-thirds of Americans say they are living on the brink financially and worry that they would not be able to cover an unexpected expense or even a short-term loss of income, a new survey finds.

According to an Oct. 23 Bankrate survey, 62 percent of respondents said they did not have enough saved up to cover an emergency. This includes 26 percent who said they are “slightly behind” on emergency savings and 37 percent who said they are “significantly behind.” 
Kevin Stocklin
Kevin Stocklin
Reporter
Kevin Stocklin is a contributor to The Epoch Times who covers the ESG industry, global governance, and the intersection of politics and business.
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