US EditionTo the rescue: Why you need an emergency fund now
UNITED STATES, JUL 9 – A Bankrate survey finds 54% of Americans lack enough savings for three months of expenses amid record-low CEO and employee confidence in the economy.
- A 2025 first-quarter survey shows 54% of Americans lack enough cash for three months of expenses, and 24% have no emergency savings.
- This shortfall comes amid economic contraction at a 0.5% annual rate partly due to uncertain tariffs and record-low employee and CEO confidence.
- Financial experts recommend automating savings and using high-yield accounts offering 4% or more to build emergency funds that suit individual needs.
- Vanguard reports that setting aside at least $2,000 correlates with a 21% rise in financial well-being, while SECURE 2.0 permits $1,000 yearly penalty-free retirement withdrawals for emergencies.
- These conditions highlight the importance of establishing emergency funds to protect financial plans against economic uncertainty and unexpected expenses.
Insights by Ground AI
Does this summary seem wrong?
29 Articles
29 Articles
Coverage Details
Total News Sources29
Leaning Left1Leaning Right0Center25Last UpdatedBias Distribution96% Center
Bias Distribution
- 96% of the sources are Center
96% Center
C 96%
Factuality
To view factuality data please Upgrade to Premium
