Almost six in 10 Americans don’t have enough savings to pay for a car repair or emergency room bill

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Almost six in 10 Americans don’t have enough savings to pay for a car repair or emergency room bill

Almost six in 10 Americans don’t have enough savings to pay for a $500 car repair or a $1,000 emergency room bill, according to a Bankrate.com report.

http://www.bankrate.com/finance/consumer-index/money-pulse-0117.aspx

“It’s not a matter of if, but when an unexpected expense will pop up,” says Jill Cornfield, Bankrate.com analyst. “Our survey shows that just under half of adults surveyed said they or a family member had a major expense in the past 12 months.”

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