As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by WASHINGTONEXAMINER.COM:
Emerging from the shock of the COVID-19 pandemic, more than half of the country does not have enough money to get by for three months, a new survey found.
Only 49% of adults in the United States say they have at least three months’ worth of emergency savings, with 1 in 4 claiming to have no emergency savings whatsoever, according to a report by Bankrate.com.
The article goes on to state the following:
The 25% who said they have no emergency savings is up from the 21% who said the same when questioned last year. Only 17% of the 1,009 adults queried indicated they have more emergency savings now than before the outbreak of COVID-19, and 34% said they have less money in emergency savings now.
The survey results were reported as follows:
- 25% said they have no emergency savings
- 26% reported they have some emergency savings but less than three months’ worth,
- 19% said they could last between three to five months
- 25% said they could cover expenses for more than six months
- 5% were not sure or declined to answer
Survey: More Than Half Of Americans Couldn’t Cover Three Months of Expenses With Emergency Savings | Bankrate https://t.co/CzYiSd2cTr
— Greg McBride, CFA (@BankrateGreg) July 21, 2021
Only 49% of adults in the United States say they have at least three months’ worth of emergency savings.
And, 1 in 4 claiming to have no emergency savings whatsoever. https://t.co/NdQkhZOiov
— Washington Examiner (@dcexaminer) July 21, 2021
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