1 in 4 Americans would need to use a credit card to pay a $1,000 expense

Credit-card debt is hurting Americans’ capacity to stash away money for a rainy day. More than one-third of Americans say their credit-card debt is larger than their emergency savings, at 36%, up from 22% last year, according to a poll released on Thursday by Bankrate.com. This year’s figure is a…

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