Nearly 1 in 4 don’t have adequate savings


Experts recommend saving six months’ worth of emergency expenses as a buffer against debt should an emergency occur, but just 29 percent of adults have that much in reserve, a new Bankrate survey finds.

Only 18 percent have three to five months' of emergency savings, while 23 percent say they have none at all, according to Bankrate. A quarter of both Millennials and Gen Xers have no savings, according to the survey.

Nonetheless, 62 percent of the 1,006 people surveyed between June 6 and June…

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