Report: Half of Americans have more savings than credit card debt

Created: 02/18/2014 7:02 AM WHEC.com

Only about half of Americans, 51-percent, have more emergency savings than credit card debt. That's according to Bankrate.com which reports that's the lowest percentage since 2011.
Nearly 30-percent have more credit card debt than emergency savings and those in what should be their prime earning years -- ages 30 to 64 -- are the most likely to fall into that category.  
Bankrate.com points to stagnant incomes, long-term unemployment and high household expenses.

News10NBC/WHEC-TV welcomes your opinion and interaction on our website, but please remember to keep it clean. If you're advertising for another business, being profane, vulgar or slanderous your post will be deleted. By commenting on this website, you agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Use. Comments are not pre-screened before they posted.


54° | 47°
  • Feels like: 41° F
  • Wind: NNE 15mph
  • Humidity: 93%
  • Wed Chance of showers
    52° | 44°
  • Thu Showers
    59° | 45°
  • Fri Showers possible
    55° | 46°
  • Sat Partly cloudy
    62° | 48°