Fresh off the press, a couple of articles emphasizing Americans’ strong penchant for saving precisely squat:
US News: More Than 1/4 Have No E-Fund
And a related article:
No surprises here for followers of this blog: When you punish people for saving, you’re going to get less saving. When you reward people for blowing through every penny that hits the door, and then some, you’re going to have a nation of broke people.
But hey — as Bankrate tells us, “Americans are feeling very secure about their personal finances.” This, even though “… nearly half of those surveyed have less than three months’ worth of expenses, or nothing at all, in emergency savings.”
I’m not sure what sort of “security” these folks are aiming for, but it’s apparently one I’ve always tried to avoid.