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Show-Me Data: Missourians Lack Savings

Show-Me Data: Missourians Lack Savings

While Missourians recover from a national recession, a new statewide survey suggests that most are ill prepared for a financial emergency. Conventional wisdom suggests that every consumer should have about three months worth of savings for unexpected situations. According to a recent survey by the Missouri Credit Union Association (MCUA) that measured savings and purchasing habits, less than 30 percent of respondents reported having enough savings to last four months or more, and 42 percent reported having no savings at all.

Posted By Halley Hayden read more
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