Taken a trip to the emergency room lately? Moved across country for a new job? If you're like millions of Americans, the unexpected medical costs or security deposit for your new pad blew a hole in your budget.
That's the upshot of a new Bankrate survey that found six of 10 people in the U.S. lack the savings to handle an unforeseen $1,000 expense, highlighting just how close to the financial edge even those with a job often find themselves.
"You have a gap with what people are making and what they can afford," said Scott Astrada, director of federal advocacy at the Center for Responsible Lending.