CashNetUSA Annual Survey Finds 1 in 5 Americans Still Has Less Than $100 in Savings to Cover an Emergency
All Americans – Especially Gen Y - Less Likely to Ask Family Members for LoansCHICAGO (June 20, 2013) – While Americans are still facing a drought of rainy day funds to handle unexpected emergencies this summer there might be a silver lining: grown children under the age of 30 appear much less likely to ask family for help than last year. The annual survey of 1,000 Americans age 18 plus conducted by online lender CashNetUSA shows 22 percent of Americans have less than $100 in savings to cover an emergency expense while 46 percent report having less than $800.