Pew Charitable Trusts [to 21 November 2015]
http://www.pewtrusts.org/en/about/news-room/press-releases
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Press Release
Pew Finds American Families Ill-Equipped for Financial Emergencies
Few households have sufficient liquid savings to deal with the unexpected
November 18, 2015
Financial Security and Mobility
WASHINGTON—Most American families lack the necessary cushion to cope with financial shocks, according to research from The Pew Charitable Trusts, which found that 33 percent of American families say they have no money they think of as savings, including 10 percent who have incomes of more than $100,000 a year.
The issue brief, “What Resources Do Families Have for Financial Emergencies?” is the second in a three-part series highlighting the financial situation of the 7,845 respondents to Pew’s recent survey of American family finances. This installment focuses on what resources Americans have as a first line of defense against the unexpected or to cover regular expenses when income does not suffice…