Americans lack emergency savings, with women hit harder
Updated
Updated · Realtor.com News · May 7
Americans lack emergency savings, with women hit harder
4 articles · Updated · Realtor.com News · May 7
A Harris Poll for AICPA found 22% have no emergency fund; 25% of women lack savings versus 17% of men.
Among adults surveyed, 20% had less than three months of expenses saved, while 18% had a year or more; older Americans reported larger cushions than younger groups.
Experts said rising housing, insurance and grocery costs, plus layoffs and reduced hours, are leaving many households one disruption away from financial stress, especially homeowners facing mortgage and repair bills.
As wages lag and essential costs soar, is financial security now mathematically impossible for most American families?
With a 'hidden' insurance crisis hitting homeowners, are we facing a new, unmanageable threat to financial stability?
A $124 trillion wealth transfer is coming. Why will it fail to rescue most Americans from financial ruin?