Comments on: How much for Emergency Fund? http://www.penny-saved.com/2009/03/11/how-much-for-emergency-fund/ Personal Finance and Wealth by the Penny Thu, 02 Feb 2012 21:32:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: aa http://www.penny-saved.com/2009/03/11/how-much-for-emergency-fund/comment-page-1/#comment-43987 aa Thu, 12 Mar 2009 03:04:50 +0000 http://www.penny-saved.com/?p=687#comment-43987 "An article over at the The Consumerist sites U.S. News & World Report that 50% of Americans are just 2 paychecks away from financial problems. 28% of Americans have less than 2 weeks of savings, with another 22% having 2 weeks to 1 month." That adds up to 100%, so it can't be true. At least I have 1+ year of savings. As unemployment rate goes up to 10%, everyone who can be fired needs at least 12x monthly expense to be considered safe. “An article over at the The Consumerist sites U.S. News & World Report that 50% of Americans are just 2 paychecks away from financial problems. 28% of Americans have less than 2 weeks of savings, with another 22% having 2 weeks to 1 month.”

That adds up to 100%, so it can’t be true. At least I have 1+ year of savings.

As unemployment rate goes up to 10%, everyone who can be fired needs at least 12x monthly expense to be considered safe.

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