More than 70% of Americans fall short of the often-recommended level of emergency savings, according to a new Bankrate.com report. And many have no emergency savings at all.
According to the report, 23% of Americans have no emergency savings whatsoever, while 22% have less than three months' worth of expenses saved. 18% have enough to cover between three and five months' worth of expenses, while 29% have enough to cover six months' worth of their expenses or more.
Matthew Frankel | The Motley Fool