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savings

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The Majority of Americans Are One Paycheck Away From Being Completely Broke, Survey Finds

The majority of Americans live paycheck to paycheck and are just one unexpected emergency away from being flat broke, a new survey finds.

A survey released Wednesday by finance website Bankrate found that only 37% of Americans are financially prepared to handle an emergency situation, whether it is a lost job, accident, illness, or home and car repair. An estimated 63% of people in the United States lack an emergency savings fund.