
Survey: Less than half of Americans have savings to cover a $1,000 surprise expense
Most Americans don’t have enough money saved to cover a sudden $1,000 expense.
Karen Bennett is a consumer banking reporter at Bankrate. She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters.
Karen brings decades of writing and reporting experience to the table, including the roles of credit cards writer for travel website Million Mile Secrets and money and career writer for The Cheat Sheet. Her work has also appeared in USA Today, Illinois Legal Times, and several Chicago, Milwaukee, and Washington, D.C. newspapers. In addition, she’s worked in the areas of marketing and business development, and she was product manager for a consumer money-saving website.
When she’s not writing Bankrate articles, she can often be found cheering her kids on at soccer games, cooking and reading up on saving for retirement and other personal finance topics.
Most Americans don’t have enough money saved to cover a sudden $1,000 expense.
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Inflation is expected to take a bite out of savers’ wallets even as rates climb.
Learn more about this institution’s features and see if it’s the right fit for you.
Learn more about this institution’s features and see if it’s the right fit for you.
Learn more about this institution’s features and see if it’s the right fit for you.
Learn more about this institution’s features and see if it’s the right fit for you.