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savings for retirement

Majority of Americans Approaching Retirement Don’t Have a 3-Month Emergency Fund

April 30, 2019 Equifax , financial literacy , emergency fund , retirement savings , retirement , Equifax study , savings for retirement , emergency savings , retirement age , retirement fund , funding retirement , financial literacy study , emergency funding Lynn Oldshue

According to the 2019 Financial Literacy Survey from Equifax, nearly half of American adults say they do not have enough money in savings to cover three months of living expenses, a standard amount for emergency funding. What’s most alarming is the lack of savings among adults approaching retirement. Six out of ten respondents age 45

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