The Role of Emergency Savings in Family Financial Security Barriers to Saving and Policy Opportunities
By The PEW Charitable Trust The first two briefs in this research series on emergency savings detailed responses to The Pew Charitable Trusts’ Survey of American Family Finances, a nationally representative survey of 7,845 households, and demonstrated that many households are at risk of financial shocks, that these shocks often disrupt and derail their finances, and that the savings most have on hand are probably insufficient for the challenges they might face. Pew’s research also has highlighted that although Americans believe robust emergency reserves...
