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More Americans unhappy with their savings

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Seventeen percent of Americans have neither emergency savings, nor credit card debt. (Source: MGN Online) Seventeen percent of Americans have neither emergency savings, nor credit card debt. (Source: MGN Online)

(RNN) - Americans' satisfaction with their savings reached its lowest point in a year as people's credit card debt nearly matched their nest eggs, a new report said.

About half of us, 51 percent to be exact, have more emergency savings than credit card debt, according to Bankrate.com, a website that monitors banking and financial information. That is the lowest percentage since the personal finance reporting service began tracking the figure in 2011.

The numbers are the product of phone interviews conducted in February with 1,004 adults living in the continental U.S.

And the number of Americans carrying more credit card debt than savings is on the rise. That figure stands at 28 percent, the highest percentage in four years. But 17 percent have neither emergency savings, nor credit card debt, the survey said.

Those in the top earning years of ages 30 to 64 are the most likely to have more debt than savings, the report said. That's not a good sign for the health of household budgets, a Bankrate.com expert said.

"This is a reflection of the stagnant incomes, long-term unemployment and high household expenses that are hampering the financial progress of many Americans," according to Greg McBride, Bankrate.com's chief financial analyst.

Overall, Americans who are uneasy with their savings outpace those who are satisfied by a two-to-one spread, the survey said. Stagant job growth numbers and a slide in the stock market has hurt consumer confidence, McBride said.

"The stock market's rocky start to the year, and a run of less-than-stellar economic readings have put a dent in consumers' feelings of financial security," McBride added.

The survey was conducted by Princeton Survey Research Associates International (PSRAI).

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