Get all your Manchester Road Race stories and information here

Morning Extra: Only Half Of Americans Have More Savings Than Credit Debt

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Terry Boulton, Senior VP of Simsbury Bank, gives advice on how to flip credit card debt into savings.

  • Only 51% of Americans have more emergency savings than credit card debt
  • That is the least savings since Bankrate.com began tracking this issue in 2011.
  •  28% have more credit card debt than emergency savings.
  •  17% have neither emergency savings nor credit card debt.
  •  Overall, Americans’ financial security dipped over the past month.

 

Visit www.SimsburyBank.com

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s