HOUSTON, TX – A survey of 1,000 Americans, by Bankrate.com, found that one in four Americans have more credit card debt than emergency savings. This vicious cycle’s apparently gotten worse!
The survey also found the number of Americans with more savings than high-interest debt has shrunk each of the last three years.
So, at this point, these ‘citizens of savings’ are like an endangered species! Better join the herd while there’s still a chance.