The Savings Game by Humberto Cruz : Emergency-fund ideas needed
Posted on: March 14th, 2007“First, the needs. A recent survey released by the federation found only 40 percent of adult Americans have a separate emergency savings fund. Of those who do, nearly half have $2,000 or less, or did not say how much they have.
Among younger Americans, lower-income families and minorities, the numbers are worse. Only 19 percent of those ages 18-24 and 23 percent of those with household incomes under $25,000 have a separate emergency fund.
And fewer than one-third of black and Hispanic Americans have one, according to the survey of more than 1,000 adult Americans commissioned by the federation and conducted by Opinion Research Corporation.”
Curation from Tomás
Filed Under: Top Stories, Your Money
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