Roughly three-quarters of Americans are living paycheck-to-paycheck, with little to no emergency savings, according to a survey released by Bankrate.com Monday.
Fewer than one in four Americans have enough money in their savings account to cover at least six months of expenses, enough to help cushion the blow of a job loss, medical emergency or some other unexpected event, according to the survey of 1,000 adults. Meanwhile, 50% of those surveyed have less than a three-month cushion and 27% had no savings at all.
In related news:
- Your Congress secretly voted to repeal the Dodd-Frank’s act check on excessive executive pay
- The Rich Have Gained $5.6 Trillion in the ‘Recovery,’ While the Rest of Us Have Lost $669 Billion
- The Chamber of Commerce is currently in the process of buying the Supreme Court
At least the wealthy are consistent when it comes to screwing over the lower classes. They certainly don’t want anyone to feel left out and judging by the fact that 76% of Americans are a paycheck away from being destitute I guess not many of us are feeling left out.