BOTTOM LINE
29% Roughly 1 in 4, or 29 percent, of people don’t have money set aside to cover emergencies, up from 26 percent last year, according to an annual survey from Bankrate.com. The findings pointed to the lowest saving rates seen in five years. Many of the people who had savings didn’t have enough money to get them through a serious emergency or prolonged period of unemployment. About 20 percent of people said their savings would not last longer than three months, the amount often recommended by financial planners.