Money

Study: 76 Percent of Americans Living Paycheck-to-Paycheck

| by Michael Allen

A staggering 76 percent of of Americans are living paycheck-to-paycheck.

According to a recent study by Bankrate.com, less than 25 percent of Americans have enough money in their savings account to cover six months of expenses.

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The survey of 1,000 adults also found that 50 percent have less than three months in savings  and 27% of Americans have no savings, notes CNN.

If those numbers sound grim, the online lender CashNetUSA did a poll last week and found that 22 percent of Americans had less than $100 in savings, while 46 percent had less than $800.

"There really hasn't been much relief. The economy is stagnant, $100 is not enough to help you out in an emergency," said Megan Staton, director of marketing for CashNetUSA.

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People were so furious about this Pepsi ad that Pepsi pulled it after just one day. Watch it here and decide if it's offensive:

 "It's disappointing. Nothing helps you sleep better at night than knowing you have money tucked away for unplanned expenses," added Greg McBride, Bankrate.com's senior financial analyst.

Source: CNN