Report: One third of Americans at risk of a financial crisis
Many Americans are waiting for their tax refunds to pay for bills or things needed around the house.
However, a new study indicates that many families are on the verge of a crisis.
Another 13 percent of Americans don’t have credit card debt but they don’t have emergency savings either.
In all, the report indicates that more than a third of citizens are living at risk of a financial crisis.
According to the National Endowment for Financial Education, 63 percent of those surveyed suffered a major unexpected expense last year.
Experts suggest putting half of your tax refund in emergency savings and pay down your debt with the other half.