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sad: More than three in five Americans wouldn’t have money in their savings accounts to pay for...
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<blockquote data-quote="Babagounj" data-source="post: 1512935" data-attributes="member: 12952"><p><a href="http://www.cnbc.com/id/102377632" target="_blank">http://www.cnbc.com/id/102377632</a></p><p>Where to stash your cash? Some Americans are sleeping on it—literally.</p><p></p><p>While banks are still the go-to solution for most consumers, 29 percent say they're keeping at least some savings in cash bills and coins, according to a new survey of 1,820 adults from <a href="http://data.cnbc.com/quotes/AXP" target="_blank">American Express</a>. Of those holding cash savings, 53 percent are hiding it in a secret location.</p><p></p><p>Millennials are even more apt than other generations to go the mattress or freezer route, with 67 percent of those saving cash saying that they hide it outside a bank account.</p><p></p><p>AmEx didn't ask where, exactly, that cash is stashed, but a 2012 Marist College <a href="http://maristpoll.marist.edu/wp-content/misc/usapolls/US120320/Hide%20Money/Complete%20Friday,%20April%2013,%202012%20USA%20Marist%20Poll%20Release%20and%20Tables.pdf" target="_blank">survey</a> of 1,080 adults found that the most popular place—with 27 percent of the vote—is the freezer. A little less than 20 percent of Americans hide cash in a sock drawer, while 11 percent put it under the mattress and 10 percent secure it in a cookie jar. Another 9 percent keep their cash somewhere else in the house.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 1512935, member: 12952"] [URL]http://www.cnbc.com/id/102377632[/URL] Where to stash your cash? Some Americans are sleeping on it—literally. While banks are still the go-to solution for most consumers, 29 percent say they're keeping at least some savings in cash bills and coins, according to a new survey of 1,820 adults from [URL='http://data.cnbc.com/quotes/AXP']American Express[/URL]. Of those holding cash savings, 53 percent are hiding it in a secret location. Millennials are even more apt than other generations to go the mattress or freezer route, with 67 percent of those saving cash saying that they hide it outside a bank account. AmEx didn't ask where, exactly, that cash is stashed, but a 2012 Marist College [URL='http://maristpoll.marist.edu/wp-content/misc/usapolls/US120320/Hide%20Money/Complete%20Friday,%20April%2013,%202012%20USA%20Marist%20Poll%20Release%20and%20Tables.pdf']survey[/URL] of 1,080 adults found that the most popular place—with 27 percent of the vote—is the freezer. A little less than 20 percent of Americans hide cash in a sock drawer, while 11 percent put it under the mattress and 10 percent secure it in a cookie jar. Another 9 percent keep their cash somewhere else in the house. [/QUOTE]
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