Almost half of Americans (49 percent) don't have enough emergency savings to pay for three months of expenses, according to Bankrate.com research released Monday. That's up from 46 percent in 2011.
And some Americans don't have any emergency funds at all. Twenty-eight percent of Americans don't have an emergency fund, up from 24 percent at this same time in 2011, according to Bankrate.com. It's generally recommended that people have an emergency fund big enough to cover six months of expenses, but just 25 percent of Americans have that much saved up.
Also, 32 percent of consumers are currently less comfortable with their savings than they were last year, according to the research. Eighteen percent of respondents are also less comfortable with their debt than 12 months ago.
- US stock indexes pull back after a strong...
- Goldman 2Q earnings jump, helped by lower...
- Store decor company to expand in Cedar City
- Why your co-workers come to work sick
- Dave Ramsey says: Stick with paying the...
- Michelle Singletary: Like searching for...
- Local government board fostered 'culture of...
- BLM releases blueprint for oil and gas...
- Local government board fostered... 16
- Salt Lake's 'passive' house a model of... 6
- BLM releases blueprint for oil and gas... 4
- Provo airport expansion could provide... 4
- Millions being spent gambling at 2... 3
- Goldman 2Q earnings jump, helped by... 1
- Why your co-workers come to work sick 1
- Michelle Singletary: Like searching for... 1