Debt vs Savings

A Bankrate survey finds that 44 percent of U.S. households have greater emergency savings than credit card debt (58 percent last year).  29 percent have greater debt than savings (21 percent last year). Lillian Singh with Prosperity Now notes:

It’s not that more people are making poor financial decisions. It’s that wages have been stagnating, the cost of living is increasing and credit has gotten easier to obtain.