Overview

• Financial advisors recommend three to twelve months of living expenses in savings, depending on income stability and family size.
• Nearly 60% of Americans are uncomfortable with their emergency savings levels, a significant increase from previous years.
• A recent survey found that 27% of Americans have no emergency savings, the highest rate since 2020.
• Experts suggest that dual-income households save at least three months' worth of expenses, while single earners should aim for six to eighteen months.
• High-yield savings accounts and money market accounts are recommended for building emergency funds.