A recent survey revealed this shocking fact: 40% of Americans have $500 or less in savings. If an emergency were to happen – like a broken washing machine or flat tires – nearly half of the adults in America would be hard-pressed to cover those costs. And that 40% includes people with large 401(k)s and big houses, too!
Looking to change your financial situation? Building an emergency savings is crucial to protecting your family against everyday mishaps – and is a first step in building wealth.
*philadelpha.cbslocal.com, October 19, 2012
Wow!! What a disturbing statistic yet at the same time it’s a opportunity for us to get involved and put a plan in place & lower those stats.
Every day something motivates me more and more to talk to more and more people! This is one of those WOW motivators! Something has to change, starting with me! Spread the word!