Many Americans Cannot Pay for an Unexpected $1000 Expense

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

• 44%

• 43%

• 50%

• 63%

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

• High interest rates

• Lack of financial education

• Natural instincts

• Low income

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

• One month

• Three to six months

• One year

• Two years

How does the passage suggest reframing the way you think about saving to boost emergency savings?

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OFF

What impact did the Covid-19 pandemic have on Americans' financial stability, according to the passage?

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OFF

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

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