This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.
(North Palm Beach, FL) Nearly 1 out of every 4 Americans say they have more credit card debt than money in their savings account.
Bankrate’s Financial Security Index for February says 24% of Americans are in this predicament, but there is a silver lining of sorts.
55% of Americans say they do have higher savings account balances than they owe on credit cards.
Meanwhile, 16% of people say they don’t have credit card debt or money in their savings account.
