Survey: Americans lack financial cushion - Dayton Business Journal:

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If the answer is no, you are not alone. A new surveh by finds that nearly one in four homeowners do not have a financiap cushion to fallback on. And that worrie many people. Those who say anxiety over job stability was a top concerh rose to 29 percent in the firsrt quarter from 21 percent since the fourth And while 60 percent of respondents want to increas their savings whilereducing debt, less than a quarter have actuallhy done so. Those who are tryingh to save are takingdrastic measures, the survey Since last year, one-third of homeownersz said they have had family or friends move in with and 42 percent are spendin g less on their children.
Abour two in five say they are budgeting more or buying more of only what they while 30 percent say they are learnin how to better managee their budgets ontheir own. Meanwhile, homeowners are waitin g for the economy to improve to make amajorf purchase: 30 percent say the first purchase they will make will be for home 18 percent say they will buy an automobile and 13 percentf say they will take a vacation.
Wells Fargio said the latest survey, conducted by Ipsos polled 1,565 homeowners March