Financial Security Of Americans Declines In July, The Biggest Drop In Nearly A Year
"The survey found that 28 percent of Americans are in a worse
financial situation than they were one year ago. And 39 percent of
Americans feel less comfortable about their savings than they did one
year ago. The survey's measures of net worth, job security and comfort
with debt level also fell.
Only 60 percent of Americans track their monthly spending against a
budget, according to the survey. Princeton Survey Research Associates
International conducted the survey for Bankrate.com, interviewing a
nationally representative sample of 1,004 Americans by phone in early
July.
Most Americans would not be able to survive a financial emergency
such as a job loss. Only 25 percent have enough savings to cover at
least six months of expenses, according to a Bankrate.com survey
released in June. More than one in four has no emergency savings at
all."
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