We were talking about this story on the air and so far, it seems most of our listeners have more savings! Way to go!
More than half the people in the U.S. say they have more money in emergency savings than in credit card debt, according to the latest poll by Bankrate.com. The consumer financial services company's Financial Security Index survey for February finds 54-percent of Americans say their emergency savings are higher than their credit card balances. That's up slightly from a year ago. One in four Americans has more credit card debt than emergency savings, which is also slightly higher than last February's figure.