3 out of 5 Americans have no reserves

[Stephen Dominick]

I just read a WSJ report citing Bankrate a banking analyst, that 3 out of 5 Americans do not have the reserves to withstand the most mundane unexpected expenditure, "The survey found that an unexpected bill would reduce spending elsewhere, while 16% would borrow from family or friends and 12% would put expenses on a credit card.  The remainder did not know what they would do. So more than half of Americans not only can not budget more than a few months down the road, but is living paycheck to paycheck,"  What does this pool of renters mean to landlord screening and the future of reliable tenants?

[Joe Moore]

It is a sad state of affairs. Our educational truly need to add some classes on budgeting and spending money as a required for graduation especially in high school and colleges.