Americans on a whole just aren’t great savers, to the point where almost 70% of us don’t even have $1,000 in the bank. Furthermore, almost half of Americans claim that to cover a $400 emergency, they’d need to borrow the money or sell something quickly to round up the cash.
And though some of us can legitimately point to low earnings as a reason for not saving, for many of us, it’s a matter of poor money management — namely, failing to create and follow a budget.
