Many Americans Cannot Pay for an Unexpected $1000 Expense

Front

According to the passage, what percentage of Americans can afford to pay a $1,000 emergency expense from their savings?

Back

44%

Front

What is one reason mentioned in the passage for why Americans struggle to save money?

Back

Natural instincts

Front

What is the recommended amount of living expenses experts suggest having set aside for emergencies?

Back

Three to six months

Front

Many Americans live paycheck to paycheck, leaving them little to no opportunity to ___.

Back

save

Front

To encourage saving, what does the passage suggest naming the emergency fund?

Back

financial security fund