Survey: Americans lack financial cushion - Dayton Business Journal:

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If the answer is no, you are not alone. A new surveg by finds that nearly one in four homeowners do not have a financial cushion to fallback on. And that worries many Those who say anxiett over job stability was a top concern rose to 29 percent in the first quarter from 21 percent since thefourtgh quarter. And while 60 percenr of respondents want to increase their saving whilereducing debt, less than a quarter have actuallu done so. Those who are tryinfg to save are taking drastic thesurvey found. Since last year, one-third of homeowner s said they have had family or friends move in with and 42 percent are spendin g less ontheir children.
About two in five say they are budgetingf more or buying more of only whatthey need, whilde 30 percent say they are learningt how to better manage their budgets on theier own. Meanwhile, homeowners are waiting for the economy to improvse to make amajor purchase: 30 perceng say the first purchasre they will make will be for home 18 percent say they will buy an automobile and 13 percentg say they will take a Wells Fargo said the latest survey, conducted by Ipsos Marketing, polled 1,565 homeowners March 23-31.