The findings come as many Americans continue to grapple with higher housing, grocery, insurance, and healthcare costs
About 32% of Americans have no emergency savings, according to a recent survey, highlighting the financial pressure many households continue to face as elevated living costs, persistent inflation, and economic uncertainty make it difficult to build a financial safety net, Yahoo Finance reports.
The Empower survey findings come as many Americans continue to grapple with higher housing, grocery, insurance, and healthcare costs, leaving little room to save even as inflation has eased from its post-pandemic peak. Empower’s survey found that 39% of respondents identified rising prices as the biggest barrier to building emergency savings.
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