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Household Rainy-Day Funds Still in Short Supply

AMERICA'S DROUGHT of Savings Household rainy-day funds still in short supply 22% 46% 100%- 100% - 80% - 60% - 40% 80%- 60%- of Americans have less than $100 in savings of Americans have less than less than $800 $800 in savings 40%- 20%- - 20% less than $100 0%- - 0% 4141 56% of Americans with children under the age of 18 have less than $800 in emergency savings 59% 2013 56% 2013 69% 47% 2012 2012 59% of American adults ages 50 - 59 have $800 or more in savings as compared to 69% last year 56% of American adults ages 40 - 49 have $800 or more in savings as compared to 47% last year How Many Americans Would Turn to Family por Emergency Financial Help? AMERICANS OVERALL 30% 2013 41% 2012 Fewer Americans are turning to family for help in 2013 GENERATIONY (those ages 18 - 30) 37% 2013 54% 2012 (those ages 30 - 39) 38% 2013 48% 2012 Those ages 30 - 39 are the most likely to ask their family for help Men Women 28% (2013) 33% (2013) Across the United States Change over the past year in percentage of residents with more than $100 saved Northeast STABLE West -7% North Central +7% 76% up from 69% 75% down from 82% South STABLE "TNS Omnibus Study by CashNetUSA." CashNetUSA. N.P., 11 June 2013. Web. 11 June 2013. www.CashNetUSA.com/ OetUSA. EMoney's on the way

Household Rainy-Day Funds Still in Short Supply

shared by CashNetUSA on Jun 20
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The annual CashNetUSA survey of 1,000 Americans conducted by online lender CashNetUSA shows 22 percent of Americans have less than $100 in savings to cover an emergency expense while 46 percent report...

Publisher

CashNetUSA

Category

Economy
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