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1 in 4 Americans has no emergency savings as the US grapples with wildfires, flooding, and droughts

california wildfires

Summary List Placement

Emergencies can happen when you least expect them. Financial advisors recommend people save six to nine months’ worth of expenses in case of an emergency — but 25% of Americans say they have no emergency savings at all, according to a new study from Bankrate.

The survey results come as extreme weather sweeps across the world, with devastating floods and wildfires hitting 3 continents at once. Experts say the worsening extreme weather is a consequence of the climate crisis.


The smoke from western wildfires traveled all the way to details ⇒

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