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40 Percent Of Americans Report Having Less Than $500 In Savings

By Pat Garofalo  

"40 Percent Of Americans Report Having Less Than $500 In Savings"

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According to a recent survey by the financial website CreditDonkey, more than 40 percent of Americans say that have less than $500 in savings. 54 percent of respondents said they have no savings plan in place. Other recent surveys have found similar numbers: the Consumer Federation of America and the Consumer Planner Board of Standards found that nearly 40 percent of American households live paycheck to paycheck.

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