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JUN 21, 2013 - Business Insider

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One In Five Americans Is Unprepared For Financial Emergencies

In the realm of personal finance, you hear some advice so often it becomes almost robotic. For example, spend no more than than one-third of your income on housing, or save at least six months of living expenses for emergencies. Putting those words into action is the hard part. Just twenty percent of Americans said they have more than $100 saved up for the unexpected, according to a recent survey by CashNetUSA. Nationwide, about half of adults have at least $800 tucked away, though people in their 50s are having a harder time than those in their 40s. The over-50 sect saw a 10% decline this ... Read More

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