At CNN, "40% of Americans can't cover a $400 emergency expense." At MarketWatch, "Why 4 in 10 adults can't cover a $400 emergency expense." At CNBC, "Fed survey shows 40 percent of adults still can’t cover a $400 emergency expense." Financial advice website The Balance told its readers, this past February, "What You Should Spend Your Emergency Fund on and When to Use It." To be sure, they assume that, at the same time as readers build an emergency fund, they are simultaneously saving for these home repairs and similar expenses in a separate fund.

Source: Forbes May 16, 2019 22:52 UTC