Report: Americans Are Bad Financial Planners

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Updated: 1/31 11:56 am

(ABC) - One of the biggest problems for many Americans is that they do not have a financial safety net.

A new report found that nearly 44 percent of Americans do not have enough money to cover the basic cost of living for more than three months on if they lose their income.

The report by the Corporaton for Enterprise Development also found that almost a third of Americans have no savings account at all.

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