Stories

Why it matters: 23% of Americans have no emergency savings

Illustration: Sarah Grillo/Axios

Nearly 20% of Americans surveyed say they have zero savings in case of emergency, a recent survey by bankrate.com reports.

Why it matters: With the jobs outnumbering the jobless, a lowering unemployment rate and wages trickling upward, Americans theoretically should have more money to put away for a rainy day fund. If an economic downturn were to occur, the data shows only a small fraction of Americans would be able to comfortably maintain their lifestyle.