Gipper
Well-Known Member
76% of Americans are living paycheck-to-paycheck
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.
One would think this would be a big story...but not in a America turned upside down.
Some think this means Americans are not saving, but spending. And that might be somewhat correct. However it likely means many of these Americans with no net worth, CAN'T save any money because they can't make ends meet with what they make.