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Most Americans cannot afford a $1K emergency expense

Inflation is ‘key culprit’ in Americans’ lack of savings, says Bankrate analyst

A majority of Americans say a $1,000 emergency expense would be too great of a hit to their savings and that they could not afford it, according to new data released Wednesday.

Bankrate’s latest survey results found 56% of U.S. adults lack the emergency funds to handle a $1,000 unexpected expense and one-third (35%) said they would have to borrow the money somehow to pay for it.

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10 thoughts on “Most Americans cannot afford a $1K emergency expense”

  1. Yet, they have tattoos, new iPhones, bling on their luxury cars, smoke and drink….

    Welfare doesn’t have a rainy day fund for you!

  2. Any grown-up adult wouldn’t have this problem. But with $10-$15 breakfast every morning at Rise Up and nights out for unnecessary “entertainment” I can imagine it’s hard to manage.

  3. Free New Housing / Kicking out Veterans / In FRONT of Line at VA hospitals > ILLEGALS

    There Should Already be RIOTS ALL OVER the country ( By the GOOD People ) !!!!!!

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