(CNN) – How does your savings account compare to your debt?
For many Americans, it's not looking too good.
That's according to a new University of Michigan report out of the Detroit Free Press.
The study found one in five households has more unsecured debt - from things like credit cards and student loans - than money in savings and other liquid assets.
The chief economist for Moody's Analytics told the Detroit Free Press that the report matches up with numbers showing many lower middle income households have a negative net worth.
Copyright 2012 CNN. All rights reserved.
320 Division Street
P.O. Box 1490
Lake Charles, LA 70601/70602
FCC Public File