Fewer Americans Have a Three-Month Emergency Fund as Financial Resilience Declines
According to the FINRA Foundation’s 2024 National Financial Capability Study, only 46% of U.S. adults have enough savings to cover three months of living expenses in an emergency, down from 53% in 2021 and reversing a decade-long upward trend. The decline is attributed to falling personal savings rates, inflation eroding value, and high borrowing costs.
Topics: emergency savings financial capability income inequality inflation