US Edition
To the rescue: Why you need an emergency fund now
UNITED STATES, JUL 9 – A Bankrate survey finds 54% of Americans lack enough savings for three months of expenses amid record-low CEO and employee confidence in the economy.
- A 2025 first-quarter survey shows 54% of Americans lack enough cash for three months of expenses, and 24% have no emergency savings.
- This shortfall comes amid economic contraction at a 0.5% annual rate partly due to uncertain tariffs and record-low employee and CEO confidence.
- Financial experts recommend automating savings and using high-yield accounts offering 4% or more to build emergency funds that suit individual needs.
- Vanguard reports that setting aside at least $2,000 correlates with a 21% rise in financial well-being, while SECURE 2.0 permits $1,000 yearly penalty-free retirement withdrawals for emergencies.
- These conditions highlight the importance of establishing emergency funds to protect financial plans against economic uncertainty and unexpected expenses.
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Coverage Details
Total News Sources29
Leaning Left1Leaning Right0Center25Last UpdatedBias Distribution96% Center
Bias Distribution
- 96% of the sources are Center
96% Center
C 96%
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