February 27, 2015

The real economy

Michael Snyder, Activist Post

According to a survey that was just released, 24 percent of all Americans have more credit card debt than emergency savings.

At this point, approximately 62 percent of all Americans are living paycheck to paycheck.

Adults under the age of 35 in the United States currently have a savings rate of negative 2 percent.

According to research conducted by Atif Mian of Princeton University and Amir Sufi of the University of Chicago Booth School of Business, 40 percent of Americans could not come up with $2000 right now without borrowing it.

A different study discovered that less than one out of every four Americans has enough money stored away to cover six months of expenses.

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