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 U.S. Treasuries Yield $2 Million Per Minute as Rates Soar READ MORE Poles Embrace Gold as Hedge Against Eastern European Instability READ MORE US Treasuries Lose Edge Over Gold as Safe-Haven Investment READ MORE Understanding Recession Indicators: Is the US Economy at Risk? READ MORE China's Top Banks Launch $8.3 Billion Bond Sale to Boost Capital Reserves READ MORE Add a Comment Cancel replyYour email address will not be published.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