56% of Americans Unable to Cover $1,000 Emergency Costs A recent Bankrate report reveals that 56% of Americans are financially unprepared to handle a $1,000 emergency expense. The survey found that only 44% could rely on their savings in such situations, with the majority having to resort to credit cards or borrowing from friends and family. According to Bankrate’s senior economic analyst, Mark Hamrick, this situation emphasizes the broader issue of a consumer-based society that emphasizes spending over saving. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Middle East Tensions Propel Gold and Silver Prices READ MORE Modest Inflation Increase Won't Derail Fed's Easing Strategy READ MORE Tether Launches a New Gold-Backed Dollar-Tracking Token READ MORE Copper Prices Hit Record Highs Indicating Economic Resurgence READ MORE The Commodities Feed: Gold Nears $2,200/oz READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment