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.