ONLY 51% READY FOR FISCAL CRISISResults from the fourth annual "financial fitness" survey conducted by Quicken revealed that only 51 percent of consumers were prepared for a financial emergency or had an emergency fund in the event of accident or illness.

In addition, the Quicken survey also found that 24 percent of those polled considered becoming debt-free their second-highest priority for 2007, while 31 percent indicated that they have credit-card debt of more than $8,500. Meanwhile, 60 percent said that they could live as they do now for less than three months if they lost their jobs, while 31 percent said that they could live longer than six months.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access