WEB Notes: According to Yellen it should say, ‘Most Americans are one paycheck away from retirement’.

Americans are starting 2016 with more job security, but most are still theoretically only one paycheck away from the street.Approximately 63% of Americans have no emergency savings for things such as a $1,000 emergency room visit or a $500 car repair, according to a survey released Wednesday of 1,000 adults by personal finance website Bankrate.com, up slightly from 62% last year. Faced with an emergency, they say they would raise the money by reducing spending elsewhere (23%), borrowing from family and/or friends (15%) or using credit cards to bridge the gap (15%).

Source: Most Americans are one paycheck away from the street – MarketWatch



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