A new survey says one in four Americans have no emergency savings. The Bankrate survey says sixty-seven percent have less than the recommended six months of emergency savings. The percentage of Americans with three months in emergency savings declined from 45 to 40 percent. Ball State University economist Dr. Mike Hicks says many Americans use credits cards for emergency expenses. Hicks says since 2007 - the beginning of the Great Recession - Americans have continued to live paycheck to paycheck due to stagnant wages. Hicks says the rise in income remains tepid at best.