KTRH Local Houston and Texas News

KTRH Local Houston and Texas News

KTRH-AM covering local news from Houston and across Texas.

 

Most Americans Not Ready for Costs of an Emergency

Inflation is falling, employment numbers are strong, but people still aren't socking away a rainy day fund.

"Our latest Bankrate survey finds most Americans continue to live paycheck to paycheck," Senior Economic Analyst Mark Hamrick tells KTRH News.

Hamrick says 63% blame inflation for causing them to save less, 45% blame rising interest rates.

One in five Americans don't have any savings at all to fall back on.

photo: Getty Images


Sponsored Content

Sponsored Content