In a survey commissioned by the Consumer Federation of America and the American Savings Education Council, it was shown that only two of three Americans "have sufficient emergency saving to pay for unexpected expenses like car repairs or a doctor's visit." The two groups also reported that Americans are saving less than they did three years ago.
Another survey by Bankrate.com in Palm Beach Florida showed that just barely half of Americans have more emergency savings than what they owe on their credit cards.
EU-Digest
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