Tag: unexpected expenses
Emergency savings are a key component of financial security for households of all ages. To decide how much cash savings to have on hand and how to balance this need with other financial priorities, households need good information on the spending shocks they may…
Easy answer: most households have little savings, and many jobs provide little flexibility. A reporter called recently to ask why Americans are using Twitter to plead for financial assistance during the coronavirus. The answer is that the coronavirus is shining a spotlight on the vulnerability of a wide swath of American households. Start with financia…
