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by arn 5501 days ago
I'd be curious what the survey would have shown if it were given in 2007.

I bet at least some of the people who can't come up with $2000 today is because they've already eaten into their emergency funds due to lost jobs, economy, etc...

1 comments

I've seen similar studies about emergency funds for many years. They all say roughly the same thing: most people don't save money. To the point that not only do they not have $2,000, they can't borrow $2,000 to handle an emergency.
define "most". saving is a cultural norm in china. I've heard figures of as much as 50% of many family's income being saved.