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

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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 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.



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