Emergency Funds Can Reduce Stress
by Miriam Cross, Associate Editor, Kiplinger's Personal Finance
Jan 31, 2019
2 minutes
According to a 2018 report from the Federal Reserve, 40% of adults in the U.S. would not be able to cover an unexpected expense of $400 without scrounging up the cash by, say, borrowing from friends or family or selling something.
If I lost my job tomorrow, I would be devastated. But I know I could survive for a few months without a paycheck.
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