“A sobering new report by the  Corporation for Enterprise Development shows nearly half of U.S. households (132.1 million people) don’t have enough savings to weather emergencies, or finance long-term needs like college tuition, health care and housing. According to the Assets & Opportunity Scorecard, these people wouldn’t last three months if their income was suddenly depleted. More than 30 percent don’t even have a savings account, and another 8 percent don’t bank at all.   Plenty of the middle class have joined the ranks of the ‘working poor,’ struggling right alongside families scraping by on food stamps and other forms of public assistance.”

http://www.businessinsider.com/americans-live-on-the-edge-of-financial-ruin-cfed-report-2013-2

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