The Role of Emergency Savings in Family Financial Security: What Resources do Families Have for Financial Emergencies?
Author: The PEW Charitable Trusts
Topic: Financial well-being
Publisher: The PEW Charitable Trusts
Location: United States
Format: Brief
Content Type: Research
Publication Date: November 30, 2015
This brief examines Americans’ emergency savings: the resources households use as a first line of defense against the unexpected or to cover regular expenses when income does not suffice. Although emergency savings are only one piece of the stability puzzle, a household’s ability to build, use, and rebuild savings is central to its overall financial well-being and a good indicator of how prepared it might be for an unexpected expense or loss of income.
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