Generally, Americans are working on improving their financial habits. Most Americans now have emergency savings, which is a cheering development. Thirty-one percent even have enough to cover six months’ of living expenses — up from 22 percent in 2015 and 28 percent last year — which is the highest that rate has been in seven years.
And 68 percent now have at least something saved.
Bankrate also reports that the “Financial Security Index itself has reached an all-time high” at 106.7 out of 108. That index measures comfort with savings, comfort with debt, net worth, job security and overall financial situation. “Any reading above 100,” Bankrate says, “indicates strengthening financial security.”
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