Wednesday, December 2, 2009

Running on Empty: How long can you live off your savings?

According to a Monster.com poll, most Americans would only be able to live off of their savings for two months if they were to lose their jobs. Over 16,000 people participated in the poll.


The findings:

• 34% only have 1 weeks worth of savings

• 16% have between 2 and 4 weeks of savings

• 16% have 1 to 2 months of savings

• 20% have 6 months worth of savings

Do you have a "plan b?" Has this recession made you re-think your savings plan?

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