July 28, 2010

Gotta Have a Nest Egg in This Economy

A new study reports that nearly half of all Americans have less than one month’s worth of expenses socked away for a rainy day, or a job loss. The good news? That figure was fully 50% when they did the survey last year, so a few people are getting a clue and saving some of their pay in case they lose their jobs.

Are you raising your child to save for a rainy day? Sure hope so, because periods of unemployment will be common over their lifetimes.

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