Do you feel like no matter what happens, you are always low on cash?
A new survey of 1,000 adults says that you have a lot of company.
Bankrate.com says that roughly 76 % of Americans are living from paycheck to paycheck, with almost no emergency savings.
The financial news site says this frightening statistic isn’t new. The savings rate of Americans has barely changed over the past three years.
Nearly half of the people surveyed have less than three months’ worth of expenses in emergency savings.
“It’s disappointing,” said Greg McBride, Bankrate.com’s senior financial analyst. “Nothing helps you sleep better at night than knowing you have money tucked away for unplanned expenses.”
Even more disappointing; The savings rates have barely changed over the past three years, even though a larger percentage of consumers report an increase in job security, a higher net worth and an overall better financial situation.
Do you live paycheck to paycheck?