Survey: 40 Percent Of Americans Have $500 Or Less In Savings

As a part of preparedness, cash isn’t on the top of the list. Put your money into things that would not only sustain you and your family, but also can be used to barter with. This article is another example as to how cash poor we are today.

A survey of about 1,100 Americans finds that more than 4-in-10 respondents admit they don’t have more than $500 in readily accessible savings.

The survey is a kind of departure for CreditDonkey.com, a website that compares credit card deals. Not respondents all were poor. Some had big houses, big mortgages or 401(k)s, but still no more than five Benjamins to rub together right now.

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Source: CBS

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