Wednesday, January 07, 2015

Majority of Americans are Flat Broke

According to the latest "Bankrate" consumer saving survey that was done in December 2014, most Americans (62%) don't have enough savings to pay unexpected bills, such as a $500 repair bill or $1,000 emergency room visit. (See the following pie chart.)  But, then again, we are suppose to believe the media and government (Bureau of Labor Statistics) when they tell us that Americans are doing just fine in regard to their finances.  Now, tell me who is telling the truth, consumer or the government?


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