Do You Have a Financial Umbrella? (Half of You Just Answered ‘No’)
Filed under: Personal Finance, Power of Planning
Quick, without thinking too hard, answer this yes-or-no question: If you were faced with an unexpected $2,000 emergency expense in the next 30 days — a car or home repair or a medical bill — could you come up with the money to cover it?
According to the findings of a recent survey by the National Bureau of Economic Research, about half of you answered no.
In fact, the results led the study’s authors to state, “We find that nearly half of Americans are financially fragile.” How fragile? One…
Do You Have a Financial Umbrella? (Half of You Just Answered ‘No’) originally appeared on DailyFinance.com on 2012-06-09T00:45:00Z.
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