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WDKX.com » Blog » Report: Half Of Americans Have More Savings Than Credit Card Debt
Feb 19th 2014 9:48 am
Report: Half Of Americans Have More Savings Than Credit Card Debt
by News


Only about half of Americans, 51-percent, have more emergency savings than credit card debt. That's according to Bankrate.com which reports that's the lowest percentage since 2011.

Nearly 30-percent have more credit card debt than emergency savings and those in what should be their prime earning years -- ages 30 to 64 -- are the most likely to fall into that category.

Bankrate.com points to stagnant incomes, long-term unemployment and high household expenses.

Source:http://www.whec.com/news/stories/S3329349.shtml?cat=565