In Obama’s America Most Americans have less than $1,000 in savings

In Obama’s America Most Americans have less than $1,000 in savings

savingsGood job, Mr. President!

Market Watch reports Americans are living right on the edge — at least when it comes to financial planning.

Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey for personal finance website GOBankingRates.com. “It’s worrisome that such a large percentage of Americans have so little set aside in a savings account,” says Cameron Huddleston, a personal finance analyst for the site. “They likely don’t have cash reserves to cover an emergency and will have to rely on credit, friends and family, or even their retirement accounts to cover unexpected expenses.”

 

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From The Last Tradition

Samuel Gonzalez

Samuel Gonzalez

Samuel Gonzalez is the editor-in-chief of The Last Tradition, a blog he started in April 2009. Samuel is one of the top Latino bloggers in the country and his blog has been linked by Gateway Pundit, Right Wing News, Instapundit, Legal Insurrection, American Thinker and other top conservative blogs. He's a strong Reagan conservative, a Rush Limbaugh disciple, an unconventional Evangelical who not only takes on Liberal orthodoxy, but also challenges other so-called soft conservatives afraid to buck political correctness.

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