Motivational speaker and author Larry Winget said on "Cavuto: Coast to Coast" today that 70 million Americans are teetering on the edge of financial ruin.

According to a survey of 1,000 adults released by, 29 percent of American adults have no emergency savings at all. What's more, only 22 percent have at least six months of emergency savings.

Winget noted that the two biggest emergency expenses are medical and automotive, because people have to take care of themselves, and they have to be able to get to work. He said those are the kind of costs that will sneak up on people.

Winget asserted that the bottom line is that people lack discipline and are too dependent on the government.

"We're conditioning society to become less self-reliant and more government-dependent," Winget said. "That's a problem."

"We've got so many adults that don't have a clue how to handle their money, and they know that the government will be a backstop for them."

Watch more from "Cavuto: Coast to Coast" above.

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