|PR Newswire Association LLC|
Twenty-eight percent of Americans (more than one in four) have more credit card debt than emergency savings, the highest percentage in the past four years. And 17% have neither emergency savings nor credit card debt.
Americans between ages 30 and 64 – typically the prime earning years – are the most likely to have more credit card debt than emergency savings. "This is a reflection of the stagnant incomes, long-term unemployment and high household expenses that are hampering the financial progress of many Americans," according to
Bankrate.com's Financial Security Index fell to 99.3 in February, its lowest level since
Americans' comfort levels with their savings, consistently the most dire aspect of financial security, dropped to their lowest point in a year. Those who are less comfortable with their savings currently outnumber those who are more comfortable by more than two-to-one.
"The stock market's rocky start to the year and a run of less-than-stellar economic readings have put a dent in consumers' feelings of financial security," McBride added.
The survey was conducted by
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PSRAI obtained telephone interviews with a nationally representative sample of 1,004 adults living in the continental
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