New Survey Finds Many Americans Don't Have Enough Emergency Savings

NewsRadio 1080 KRLD
January 22, 2020 - 4:05 pm
Money

Gettty

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DALLAS (KRLD) - Greg McBride with Bankrate.com says their survey found only 41% of adults in the U.S. have enough money to cover a $1,000 dollar emergency room visit or car repair.

McBride says, "And nearly an equal amount would have to borrow the money in some form. Most likely putting that on a high-interest rate credit card."

His advice: set up a direct deposit of a certain amount from your paycheck to go into an emergency savings account.

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