A recent study revealed that only 57% of Americans have enough savings to cover $1,000 in emergency expenses 😳
When broken down by generation, Gen Z (85%) and millennials (79%) are more worried about covering emergency expenses.
Historically, Americans saved 10% of their income from the 1940s to the 1970s. However, in recent years, this metric has been contracting as people are spending more than they are earning 📉
