Survey: Most Americans can't cover a $1,000 unexpected expense

Updated
Just Save Money Already, Survey Says: Terrible Things Happen a Lot
Just Save Money Already, Survey Says: Terrible Things Happen a Lot


A new survey says most Americans don't have enough money saved to cover a $1,000 unexpected expense.

"Be a rebel and save money on a regular basis," financial analyst Greg McBride said in a Bankrate video.
But the word "unexpected" is slightly misleading, considering that as many as four out of every 10 people included in the Bankrate survey reported their immediate family ran into a major, unplanned expense last year.

So, just budget for things being terrible is the general takeaway here.

But there were some positive trends, too, for millennials at least.

Compared to a 2014 survey, millennials said they'd be more likely to use savings to cover an emergency, as opposed to using credit cards, reducing spending or borrowing from friends or family.

Learn more about NYC's homeless crisis:



More from AOL.com:
Banish these 5 toxic thoughts at work
Chipotle hit with federal subpoena over California norovirus outbreak
Wegmans is recalling about 1,100 pounds of chicken products

Advertisement