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More than half the nation breaks even or spend more than they make each month

Nearly six years after the Great Recession, a clear majority of American families say they feel unprepared for a financial emergency.

The Pew Charitable Trusts' poll of 7,000 U.S. households finds that 57 percent don't consider themselves ready for a sudden financial setback, 55 percent say they break even or spend more than they make each month, and a third have no savings.

'Despite a steady economic recovery, many Americans continue to feel vulnerable,' says Erin Currier, director of Pew's financial security and mobility project.

A new poll found that that 57 percent of American households don't consider themselves ready for a sudden financial setback
A new poll found that that 57 percent of American households don't consider themselves ready for a sudden financial setback

The survey does note signs of improvement: 56 percent rate their own financial situation as positive, up from 55 percent on the eve of the recession in 2007; 27 percent give the economy a positive grade, equal to pre-recession levels.

Read more: http://www.dailymail.co.uk/news/article-2971021/Pew-study-Americans-stressed-despite-improved-economy.html#ixzz3SulCCMsz 

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