Inflation Has Demolished the Average American’s Safety Net. How Do Your Debt and Savings Compare?

For millions of Americans, there’s no such thing as a financial safety net. That’s according to Bankrate’s latest Annual Emergency Savings Report. The survey of over 2,500 U.S. adults shows that 33% have more credit card debt than emergency savings. That’s the highest percentage since the survey began tracking this metric 12 years ago. Nearly a quarter (24%) of respondents have no emergency…