Living Paycheck to Paycheck: Nearly 44% of Americans Have Less Than 3 Months' Worth of Savings

 

The 2014 Assets & Opportunity Scorecard finds that liquid asset poverty rates have barely budged. The percentage of households in the US who lack the savings needed to weather a financial storm like a job loss or medical emergency is holding tight at 44%, suggesting that almost half of Americans are on the brink of financial calamity. The Scorecard also found that problems like growing student loan debt and high rates of consumers with sub-prime credit—especially among households of color—are to blame for Americans’ lingering inability to get ahead and build a more secure financial future for themselves and their families.