It’s not news that Americans are terrible at saving. We talk about it year after year after year. New to the 2016 conversation, though, is the fact that just 37% of Americans could pay for a $500 emergency using money from a savings account. The other two-thirds would have to resort to cutting their spending, charging to a credit card or borrowing from friends and family.
Source: 63% Of Americans Don’t Have Enough Savings To Cover A $500 Emergency
Jobrny's Rant 