Friday, January 15, 2016

More than half of Americans — 56 percent, to be exact — have less than $1,000 combined in their checking and savings accounts

A new study suggests that the U.S. hardly even has one. More than half of Americans — 56 percent, to be exact — have less than $1,000 combined in their checking and savings accounts, according to a recent survey, Forbes reported. This is to say, most Americans are living paycheck-to-paycheck. Furthermore, almost two-thirds of Americans — 63 percent — do not have enough in their savings for an emergency. A substantial majority of Americans would need to borrow money if faced with an unexpected expense.

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Ha ha!