According to a 2016 study conducted by GOBankingRates, more than two-thirds of Americans have less than $1,000 saved, with 34 percent
of Americans having less than $500 saved.

The study also found that the average American has $1,721 in credit card debt, with the average American having $5,000 in student loan debt.

The study also found that the average American has $1,721 in credit card debt