The Role of Emergency Savings in Family Financial Security
Americans overwhelmingly say they prefer financial stability over economic mobility. However, recent Pew research suggests that such security is elusive: Even the best-off households find their finances strained when they experience a financial shock such as a major car or home repair or a loss of income.
In a series of three issue briefs to be released over the coming weeks, Pew shows the extent to which households are financially vulnerable when faced with a financial shock. The briefs provide insight into the financial risks that Americans face and the impact of shocks on family balance sheets; households’ level of preparation to address emergency needs; and the implications of families’ savings behavior for policymakers as they work to create solutions that support Americans’ financial security.
To learn more about emergency savings, click the icons below.
How Do Families Cope With Financial Shocks?
Learn MoreWhat Resources Do Families Have for Financial Emergencies?
Learn moreBarriers to Saving and Policy Opportunities
Learn MoreSpotlight on Mental Health
MORE FROM PEW
Explore Pew’s new and improved
Fiscal 50 interactive
Your state's stats are more accessible than ever with our new and improved Fiscal 50 interactive:
- Maps, trends, and customizable charts
- 50-state rankings
- Analysis of what it all means
- Shareable graphics and downloadable data
- Proven fiscal policy strategies
Welcome to the new Fiscal 50
Key changes include:
- State pages that help you keep track of trends in your home state and provide national and regional context.
- Interactive indicator pages with highly customizable and shareable data visualizations.
- A Budget Threads feature that offers Pew’s read on the latest state fiscal news.