Many Americans lack adequate savings: report
Add BT as a preferred sourceNew York
MORE than half of US households have less than one month of income available in readily accessible savings to use in case of an emergency, a new report from the Pew Charitable Trusts finds.
Many financial advisers recommend that families have a savings account holding three to six months' income, in case of a job loss or an unexpected major expense. But regardless of income level, the report found, most Americans lack the recommended level of savings.
TRENDING NOW
When every phone becomes a satellite phone, what happens to Asia’s telcos?
Koh Brothers Eco Engineering faces up to S$57.6 million in potential liabilities from legal disputes
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
DayOne secures S$530 million green loan from DBS, OCBC and UOB for Singapore data centre
