Generation X appears to be the worst off, according to the survey, primarily because they’re at a point in life that includes many expenses – from tuition to mortgages. Thirty-two percent of survey participants ages 30 to 49 said they had more credit card debt than emergency savings.

Millennials are slightly more prepared, with just 21% having more credit card debt than savings.

And retirees are in the best shape, with just 14% reporting their credit card debt was bigger than their emergency savings.

via Why Americans Aren’t Ready for an Emergency – The Simple Dollar.