June 24, 2013

76% of Americans Live Paycheck to Paycheck

It won't be the next financial disaster that ruins America. It will be the lack of preparedness for the next financial disaster.

There won't be bailouts for the average citizen.

From CNN:

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.