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Wednesday, June 25, 2014 - 10:32am
Think your savings account isn't as big as it should be? You may be right. According to a new bankrate.com survey about one in four Americans has no emergency savings and many of those who do save aren't saving enough.
The recommendation is to have about six months' worth of expenses put to the side for a rainy day, but only 23 percent of those surveyed had that much. The results are based on a survey of a thousand people conducted earlier this month.