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Eenie, meenie, miney, moe -- where should my cash savings go? That's the riddle many Americans are trying to figure out these days. After the necessities are taken care of, it's time to choose: mattress, stock market or mortgage? Do the math and the answer is clear.
Far fewer U.S. families are saving money for emergencies and education than their Chinese counterparts, according to a University of Missouri study released Thursday.
Most Americans rely on other sources besides their savings accounts when hit with an unexpected expense, according to a poll by the National Foundation for Credit Counseling. The moral of the story? Americans need to save up more for emergencies.
