Reported 3 days ago
Suze Orman and other finance experts suggest maintaining a 12-month emergency fund, especially in light of increasing job instability in volatile industries like tech and automotive, the challenges faced by single-income households, and the uncertainties of freelance work. They argue that this larger safety net can help individuals better manage unexpected financial crises, job loss, or economic downturns, offering crucial support during tough times.
Source: YAHOO