Bankrate.com: “Wages may be on the rise, but a record-high percentage of Americans still aren’t socking away those gains for life’s unexpected crises. When asked about their emergency savings, 29 percent of Americans reported they had none, according to a survey that accompanied Bankrate’s Financial Security Index for June. That’s the highest level in five years of surveying and up from 26 percent last year. Another 21 percent said they had some savings but not enough to cover three months of expenses, and 13 percent didn’t know how much they had or declined to answer. Only 22 percent said they had enough to pay for at least six months of expenses, which is generally considered by personal finance experts to be the amount needed for a satisfactory cushion. “These results are further evidence that Americans remain woefully under-saved for unplanned expenses,” says Greg McBride, CFA, Bankrate’s chief financial analyst. “And rather than progressing, (Americans) are moving in the wrong direction.”