X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Photo: Getty Images

Here’s another headline that underscores America’s savings problems: Two-thirds of U.S. adults would struggle to handle a $1,000 crisis.  

Read: Most Americans have less than $1,000 in savings

A survey conducted by the Associated Press found that three-quarters of those making less than $50,000 a year say they would have a tough time scraping together $1,000 in the event of an emergency. That dovetails with a recent study that found that nearly half of Americans would struggle to pay a $400 bill.  

What is truly alarming is that those with higher incomes aren’t that much less likely to report a similar lack of savings. Two-thirds of those with incomes between $50,000 and $100,000 say they would have difficulty fielding $1,000. 

Read: What bills do Americans lose sleep over?

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Jack Craver

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.