Question of the Day

What portion of U.S. residents say they would pay for an unexpected expense of $1,000 by using their savings or cutting back on other expenses (as opposed to borrowing the money or not paying)?

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A recent scientific poll commissioned by Bankrate found that 60% of U.S. residents would pay for an unexpected expense of $1,000 by using their savings (37%) or cutting back on other expenses (23%). Another 15% said they would use credit cards, 15% would borrow from family or friends, and 9% don't know how they would pay.

DocumentationBankrate Survey