Even High Earners Struggle to Save

A considerable percentage of Americans lack the savings needed to cushion against a surprise expense, even with enough income to save, according to a recent report by Bankrate.com. Approximately 60 percent of those surveyed do not have enough savings for a $1,000 emergency room bill, though 41 percent plan to tap their savings for such an expense.
“It’s not a matter of if, but when an unexpected expense will pop up,” said Jill Cornfield, Bankrate.com analyst, in a statement. &l