The Fragile State of Emergency Savings in America
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BTCCSquare news:
Most Americans recognize the necessity of an emergency fund, yet few achieve the recommended three to six months' worth of living expenses. The median savings stand at a mere $600, leaving many vulnerable to financial shocks.
While 92% of U.S. households can cover a $400 unexpected expense, nearly half rely on credit—a precarious solution that risks trapping low-income earners in cycles of high-interest debt. True financial resilience requires liquid reserves, not borrowed buffers.
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