Americans Are Optimists Despite Having Fewer Than 3 Months Emergency Savings.

We are living in arguably the most affluent time in human history and most people don't have even $500 saved...

“Many Americans are kidding themselves if they have less than three months’ worth of expenses in emergency savings and…

23% of Americans have no emergency savings, according to a survey by bankrate.com. With low unemployment and wages moving upward, "Americans theoretically should have more money to put away for a rainy day fund," says Axios — but many (particularly millennials) are battling debt, and "only a small fraction" of Americans could "comfortably" maintain their lifestyle in an economic downturn. But there's good news: That 23% is at a seven-year low, and 29% of those surveyed have enough saved to cover at least six months of expenses.

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