No savings

No cushion, no nothing. Welcome to our world:

 According to research released Monday by, 28 percent of Americans have no emergency savings whatsoever, up from 24 percent last year. About half don’t have enough money saved to cover expenses for three months. “Incomes are largely stagnant, so it’s difficult for people to make significant headway on savings when household expenses are creeping higher but incomes are not,” said Bankrate senior financial analyst Greg McBride.