An increasing number of Americans are living very close to the edge. Almost one quarter (23%) have less than $100 in savings to cover an emergency while 46% report having less than $800, according to a new national survey by online lender CashNetUSA.com.

Americans with children under the age of 18 face even greater financial distress, with more than half (55%) having less than $800 in emergency savings. Individuals living in the Northeastern and Western regions are slightly better off than the rest of the country.  Six in 10 Americans living in these regions have $800 or more in savings, according to the survey.

Register or login for access to this item and much more

All Bank Investment Consultant content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access