US EditionNearly 1 in 4 Americans have zero emergency savings — these under-the-radar strategies can help
- 24% of Americans have no emergency savings, according to Bankrate’s Emergency Savings Report.
- Not having savings puts individuals at risk of taking on significant debt.
- It's vital to start saving for emergencies, even if it's only $10 or $20 a month.
- An emergency savings fund should cover three to six months of expenses for emergencies like job loss or medical bills.
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Nearly 1 in 4 Americans have zero emergency savings — these under-the-radar strategies can help
By Lane Gillespie, Bankrate.com Try as we might to avoid it, sudden, expensive emergencies can happen to anyone. A pet might need an unexpected vet visit, your car might need a replacement part or you may experience a layoff. That’s where emergency savings come in: By keeping a savings fund that you only use for emergencies, you can have peace of mind knowing you can tackle any big expense that comes your way. Related Articles Chip…
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Total News Sources61
Leaning Left5Leaning Right4Center44Last UpdatedBias Distribution83% Center
Bias Distribution
- 83% of the sources are Center
83% Center
C 83%
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