As a rule Americans don’t save. We spend. More than half of us (56% according to Forbes magazine) have less than $1000 between their checking and savings accounts, and would be hard-pressed to cover a significant expense.
This of course means that we as a nation are forever teetering on the edge of disaster. Most of us are carrying an average of $6k in debt, which over time costs us thousands in interest. We are borrowing…