Protect yourself against the unexpected
Last updated 8/26/2020 at 1:36pm
(Family Features) A financial emergency may have previously seemed like a “not me” scenario, but it’s now a reality many families across America are dealing with as the impact of the COVID-19 pandemic continues to affect the economy.
Savings accounts may not be robust enough to weather a significant blow, according to research from Colonial Life. The survey found 38% of U.S. adults have less than $5,000 in savings for a financial emergency, and 23% have less than $1,000.
The study further revealed Americans are already stretched thin due to financial constraints like vehicles with mec...