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Do you have three months worth of savings?

L.A. Times 2013/01/31 16:00:00
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Nearly 44 percent of American households are one emergency away from financial ruin. That means they don't have enough savings to cover basic living expenses for three months if something unforeseen happens such as losing a job or falling sick, according to a recent study by the Corporation for Enterprise Development.

Almost a third of Americans have no savings account at all. "These families have had to prioritize today's expenses over tomorrow's goals," said Andrea Levere, the group's president.

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Read More: http://www.latimes.com/business/money/la-fi-mo-sav...

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Top Opinion

  • Erin 2013/01/31 20:05:36
    Yes
    Erin
    +21
    3 rules for building any kind of net worth:

    1. LIVE BELOW YOUR MEANS
    2. LIVE BELOW YOUR MEANS
    3. LIVE BELOW YOUR MEANS

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  • Watts 2013/03/08 16:09:25
    No
    Watts
    with the cost of living being so high over here, I can't afford savings, I can barely afford to live
  • SlaveWaterNymph 2013/02/06 00:24:43
    No
    SlaveWaterNymph
    cant really save. Live paycheck to paycheck. Only thing to save is for rent.
  • roman 2013/02/05 11:23:49
    No
    roman
    we can tell whose daddy is wealthy with a ques. like that
  • mamacrash 2013/02/05 02:33:01
    No
    mamacrash
    +1
    Are you kidding? I am in bankruptcy and part of the ARM mess, I have no savings at the moment.
  • Helmholtz mamacrash 2013/02/05 04:12:17
    Helmholtz
    I'm sorry :(
  • Lester 2013/02/05 00:18:11
    Yes
    Lester
    Very important to me. Although I understand why with the great recession so many people are already in the first stages of a financial train wreck.
  • Chibi 2013/02/05 00:02:58
    No
    Chibi
    +1
    I personally don't have a job at the moment and what I have to my name wouldn't last 3 months. My fiance on the other hand (other than games and a couple splurges) has saved up his money since he enlisted in the Army. So we could easily live for 3 months lol.
  • True~Male 2013/02/04 23:38:26
    Yes
    True~Male
    +1
    Most people do not because of Obama and his policies --only to get worse .
  • JEFF True~Male 2013/02/05 01:54:48
    JEFF
    +1
    YOU MEAN BUSH'S POLICIES.
  • True~Male JEFF 2013/02/05 02:07:40
    True~Male
    +2
    NO.. CAN'T YOU READ ? "OBAMA" THINK : Bush is no longer in Office --He's been gone for over 4 years -- Did you not know that ??? Humm.... what rock have you been under or what dope have you been smoking ??
  • HappyGuy True~Male 2013/02/05 02:20:02
    HappyGuy
    +1
    Agreed
  • Narcole... True~Male 2013/02/05 03:04:31
    NarcolepticGoat
    +2
    yeah, because the financial crisis started after 2009.

    Oh, wait. No.
  • JEFF Narcole... 2013/02/08 04:43:01
    JEFF
    +1
    DON'T BOTHER TRYING TO EXPLAIN IT TO THEM. SOME PEOPLE HAVE SHORT MEMORIES OR JUST BELIEVE WHAT THEY WANT TO BELIEVE. CAN'T TEACH A MONKEY TO READ.
  • True~Male Narcole... 2013/03/30 08:08:28
  • True~Male Narcole... 2013/04/18 03:47:26
    True~Male
    +1
    it started in 2008
  • RS True~Male 2013/02/05 04:33:55
    RS
    +1
    The current admin is a finacial mess. I was doing great under Bush and the last 2 years have been a wreck. I am employed no problem but my money does not stretch the way it did.
  • True~Male RS 2013/03/30 08:09:02
    True~Male
    I agree
  • JEFF True~Male 2013/02/08 04:41:00
    JEFF
    Most of Obama's policies are the leftovers of the Bush policies. Even Obomacare is almost identical to Romneycare in Mass. BUT WHAT WOULD YOU KNOW OF FACTS THAT CAN'T BE DENIED. TRY READING INSTEAD OF LISTENING TO O'LIELY AND FIX NEWS. I don't smoke or live under a rock. Not enough room for the both of us. MONKEY
  • True~Male JEFF 2013/02/09 02:16:53
  • JEFF True~Male 2013/03/22 03:12:24
    JEFF
    TYIPICAL REPUBLICAN RESONSE. GIVE THE MONKEY A BANANA
  • True~Male JEFF 2013/03/22 17:44:27
  • JEFF True~Male 2013/03/25 02:32:33
    JEFF
    GO WORK IN CHINA. THAT'S WHERE ROMNEY WOULD HAVE SENT YOUR JOB. ASSWIPE
  • True~Male JEFF 2013/03/25 02:42:28
    True~Male
    NO HE WOULD NOT -- THAT IS A LIE
  • JEFF True~Male 2013/03/26 02:39:40
    JEFF
    TELL THAT TO THE 115,000 JOBS HE CREATED IN CHINA. TELL THAT TO THE MEDICARE WORKERS IN HIS STATE WHILE HE WAS GOVERNOR WHO LOST THEIR JOBS WHICH HE SENT TO INDIA. STOP BEING SO NAIVE.
  • True~Male JEFF 2013/03/26 03:27:55 (edited)
    True~Male
    You're just lying again --none of it is true --You can not prove any of it -- NONE OF WHAT YOU SAY IS TRUE --you are a lying liberal which is the scum of the earth !! scum of the earth  You're all like lynch mobs !! Obama won, Romney can't hurt you !!
  • JEFF True~Male 2013/03/27 00:51:59
    JEFF
    IT'S OVIOUS YOU DON'T KNOW THE MEANING OF RESEARCH.
  • True~Male JEFF 2013/03/27 01:17:37
    True~Male
    oh really ?? Oh really   Talk to the hAND
  • JEFF True~Male 2013/03/29 01:01:24
    JEFF
    Ok. Which finger has your ear? I know which on has your brain.
  • True~Male JEFF 2013/03/30 08:10:13
    True~Male
    You act like a fool on dope !! What is your F#cking problem ??
  • JEFF True~Male 2013/04/15 00:45:15
    JEFF
    YOU SELFISH RIGHT WINGERS. THAT'S THE COUNTRIES PROBLEM.
  • True~Male JEFF 2013/04/18 03:49:11
    True~Male
    Left winger nut jobs is the downfall of everything
  • JEFF True~Male 2013/04/20 00:45:15
    JEFF
    SORRY. DON'T AGREE. YOU SELFISH RIGHT WINGER REPUBLICAN TEABAGGING PIG MONKEYS HAVE TAKEN EVERYTHING IN THE COOKIE JAR AS WELL AS THE JAR.
  • True~Male JEFF 2013/04/20 01:31:02
    True~Male
    If Romney was President now ... we would not be in this mess --so kiss off now!! Kiss off
  • JEFF True~Male 2013/05/19 01:06:20 (edited)
    JEFF
    Sure we would. YOU'RE INSANE.
  • True~Male JEFF 2013/05/20 02:15:39
    True~Male
    Ok believe all the lies --see if I care ? --I'm tring to help people and you are trying to hurt them with your political propaganda !!
  • teenager 2013/02/04 23:25:17
    Yes
    teenager
    We are also in very bad moment in Spain but 3 months... come on!
    I sleep worse than usually because of the fear... but I could not sleep at all if I didn´t have at least one year savings. Actually, if I didn´t have it, I would emigrate wherever to find a job and earn a living.
  • Salonje 2013/02/04 22:56:20
    No
    Salonje
    Working on building up to that amount as we speak.
  • jeepsrule98 2013/02/04 22:30:26
    No
    jeepsrule98
    +1
    No I am busy paying off debt.
  • True~Male jeepsru... 2013/02/06 03:11:01
    True~Male
    So is this kid -- this is what she thinks of Obama --WHY DID YOU RUN UP SO MUCH DEBT ?? Kid flipping off the President
  • JEFF True~Male 2013/03/29 01:04:36
    JEFF
    NICE PIC. I WAS WRONG. YOU DO RESEARCH.
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