Survey: 25 percent of homeowners have no savings - Washington Business Journal:

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The survey discovered that to cut homeowners are takingextreme actions; 34 percentr say they have had familyh or friends move in with them in the last The (NYSE: WFC) quarterly surveg indicated that 42 percent are spending less on theirr children in the glum economy. Of those who have debt othef thana mortgage, 43 percentr think about their debt every day and another 24 percentr think about their debt at least once a week. Because of theitr debt, 36 percent say they’re cuttinbg back on smaller expenditures, such as dining out, buying clothexs and gifts for friends.
Since Wells Fargo’xs previous survey, taken in fourth quarter of 2008, the percentager of those who have anxiety over job securityg has risen to 29 percent from 21 Wells Fargo said the latest survey was conductedc by Ipsos Marketing andpolled 1,565 homeowner from March 23-31.