39 Percent Think The Economy Isn't Doing Well, But Few Have Emergency Funds Saved in Case of Recession

Thirty-nine percent of Americans said the economy is "not so good" or "poor," but only 18 percent have six months of emergency savings, according to a survey released by personal finance company Bankrate.com on Wednesday.

The nine economists surveyed said that the economy was in "good" or "excellent" condition, emphasizing the disconnect between Americans' perception of the economy with that of experts.

The Bankrate data underscored a lack of confidence among many Americans in the economy, despite immediate indicators showing its health, and reinforced the sense of financial insecurity among the public noted in other surveys. Only 40 percent of Americans said they feel financially secure, according to a YouGov poll released last week.

Unemployment has been at a half-century low for two consecutive months, and despite recent concerns about the rate of job growth, positions are being created. The real gross domestic product grew at a rate of 3.1 percent in the first quarter of the year, in spite of disruptions caused by the government shutdown.

But the country's current economic health has come after years of struggle caused by the Great Recession and slow recovery, which lagged behind the pace shown in prior recessions. Nominal wage growth has been "low and flat" since the recovery began, according to the Economy Policy Institute, and many Americans are still concerned about their financial status.

The Bankrate figures "[are] just a reflection of the fact that the rising economic tide has not lifted all ships," Greg McBride, the Chief Financial Analyst for Bankrate.com, who was one of the nine economists asked about the economy for the survey, told Newsweek. The results showed that people "are struggling day to day," McBride added. "They may be working, but they feel like they're just not getting ahead."

The lack of consumer confidence indicated by the response could impact jobs, with concerns leading employers to hire less and people to spend less, he said in a press release from Bankrate.

The fears about the state of the economy and the feeling that the recovery hasn't helped the whole population aren't new. Earlier this month Bankrate released another survey noting that only 51 percent of Americans said their financial situation had improved since the Recession. Some 47 million said they were worse off financially than before it began.

A foreclosure sign is seen in front of a home on January 22, 2009, in Miami Beach, Florida. Joe Raedle/Getty Images

The survey released Wednesday also indicated that Americans were unprepared for the next recession, which the economists polled said would not begin within the next year. Despite Americans' fears about the state of the economy, only 18 percent of respondents had saved enough money for six months of emergency expenses and 17 percent had three to five months emergency expenses saved. Twenty-eight percent had no emergency funds.

The impact of a recession, when it does come, would likely be aggravated by the lack of emergency funds. Those impacted may dig into their retirement savings.

"People start raiding their retirement account. That's a one-way trip. That money comes out; it can't go back in," McBride said.