Survey: More Than 25% of Americans Have No Emergency SavingsJune 26, 2012
Source: Money News
While nearly half of Americans don't have enough money saved to cover emergencies, one-quarter don't have any money saved, according to Bankrate.com's Financial Security Index survey.
The general rule of thumb is to have enough cash saved to cover at least six months of expenses.
However, only 25 percent of Americans have saved that amount and 17 percent have three to five months' expenses saved, while 28 percent have no emergency savings and 21 percent have less than three months' expenses saved.