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 Fed Rate Cuts Predicted Only in Response to Economic Crisis, Says Black Swan Investor READ MORE Fed's Dot Plot to Reveal Insights on Potential Rate Cuts READ MORE Investors Hold Breath as CPI and Retail Sales Data Loom READ MORE What Is the FED Hiding? READ MORE S&P 500 Breaks 5,000 Mark Amid Anticipation for Key Inflation Data READ MORE Add a Comment Cancel replyYour email address will not be published.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