76% of Americans living paycheck to paycheck

June 24, 2013

(CNN) – Always feeling like you are always low on cash?

You are not alone.

A new survey by Bankrate.com says roughly 76 percent of Americans are living paycheck to paycheck with almost no emergency savings.

Only 24 percent of those surveyed have enough savings to cover six months of expenses.

Fifty percent have less than a three month cushion in savings, and 27 percent have no savings at all.
According to the survey, the savings rate of Americans has barely changed over the past three years.

4 Comments on this post.

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  • kikayPang0
    24 June 2013 at 7:28 pm - Reply

    Filipino style …no savings, driving luxury cars , all credit cards max out with no intention to repay the full amount …… next move is Chapter 7 or 13 and to escape unwanted phone calls from dept collector.

    • Delia
      25 June 2013 at 4:26 am - Reply

      Spot on kikaypang0 . We all know the biggest scam will come next.

    • medeliaright
      25 June 2013 at 6:50 am - Reply

      Ahemm… Yes, SOME Filipinos do live larger than what they could afford BUT Whites, Blacks and other races do the same thing. I am really curious if any of you are really and actually here in America. If you are, probably out on the woods where civilization is non-existent.

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