One-Third Of America On The Brink Of Financial Disaster – Survey – 23 February 2015

RT logoThirty-seven percent of Americans have credit card debt that equals or is greater than their emergency savings, according to a new survey, leaving them “teetering on the edge of financial disaster.”

Apollof more than 1,000 adults in the United States by Bankrate.com found that about 24 percent of Americans have more credit card debt than emergency savings, while another 13 percent have neither credit card debt nor emergency savings.

“Not only do most of them not have enough savings, they’ve all used up some portion of their available credit — they are running out of options,” said Greg McBride, Bankrate.com’s chief financial analyst.

Read the full story at: www.rt.com / link to original article

Comments are closed.