Ebeth Fielder, 23, has a simple explanation for why many people, particularly those in their 30s and 40s, owe more money on their credit cards than they have in emergency savings. Think about it. It can take an entire year to save up around $1,000 if …
The Best Insurance Against Credit Card Debt? Savings.
Young people have more credit card debt than savings
Your Post-Recession Emergency Fund Probably Isn’t Big Enough
Source:: Credit Card Debt