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Emergency funds: What are they? How much should you have?

6 0
13.12.2024

In life, it's best to expect the unexpected.

Unfortunately, job losses, vehicles breaking down and health crises can all be a part of that. To better handle these life events, experts suggest getting an emergency fund, though many people don't have one, according to Bankrate.

In its annual report for 2024, Bankrate found that nearly 59 percent of U.S. adults are uncomfortable with their level of emergency savings. Around 27 percent of those polled don't have anything saved up at all.

Still, it's never too late to start building these funds up.

“My emergency fund is like a shock absorber between me and life,” Christine Luken, an author and personal finance blogger, said in an article on........

© The Hill


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