The Percentage of Americans With Less Than $1,000 in Savings Is Shocking

We all need money in the bank for a rainy day. After all, you never know when your car might break down, your roof might spring a damaging leak, or your employer might call you up and inform you that you're a suddenly a free agent without a paycheck.

New data from GOBankingRates, however, reveals that 69% of Americans have less than $1,000 in savings. That means they're clearly nowhere close to having a complete emergency fund, and they're taking a very big chance with their finances.

Worse yet, 45% of Americans say they have $0 in savings. That's right -- not so much as a dollar socked away in a bank account. If you're one of them, it's imperative that you work on boosting your cash reserves -- before the next financial disaster in your life strikes.

Source Fool.com