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Did you know that according to a brand new survey from Bankrate.com, just 37% of Americans have enough savings to pay for a $500 or $1,000 emergency. The other 63% would have to resort to measures like cutting back spending in other areas (23%), charging to a credit card (15%) or borrowing funds from friends and family (15%) in order to meet the cost of the unexpected event. According to Pew Charitable Trusts, one in three American families have no savings at all. In December 2016, Magnify Money released the results of the study that found that 56.3% of people have less than $1,000 in their checking and savings accounts combined. Mrs. Virginia United States 2016-17, Dr. Shena Dixon Mason, Esq., explore ways which we can reduce debt and increase the income of individuals, one family at a time. Learn more about Shena and join her on social media! at www.dixonmason.com #dmgnation #dmgdreamondreambig #dmgmondaymillionaire
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