Bankrate’s February Financial Security Poll finds that 54 percent of Americans have more emergency savings than credit card debt. Despite the tough economy, this is 5 percentage points higher than in last year’s pre-pandemic survey and the highest percentage since 2018.
Meanwhile, more than 1 in 4 Americans (27 percent) report having more credit card debt than money saved in their emergency fund. This response saw a slight decrease of 1 percent compared to a year ago — even as the unemployment rate remains elevated.