Survey: Most in U.S. have no savings cushion
Quick ReadThe survey by Bankrate.com found that only 24 percent of consumers have the recommended cushion of at least six months' expenses set aside.
Photo credit: iStock | A new study by financial publisher Bankrate indicates that Americans report being short when it comes to having a six-month financial cushion.
CHICAGO -- Even after the jolt of the Great Recession, a new study finds that most Americans are not financially prepared for an emergency.
A survey released Monday by financial data publisher Bankrate.com found that only 24 percent of consumers have the recommended cushion of at least six months' expenses set aside. The majority aren't ready for contingencies; another 24 percent don't have...
