The Role of Emergency Savings in Family Financial Security: How Do Families Cope with Financial Shocks?

Oct 28, 2015
  • Description

This brief is the first in a series of three that explore how financial shocks and emergency savings are related to families' financial well-being. Savings may help households cope with unexpected expenses and preserve wealth over the long run. Understanding the frequency and impact of events that might strain budgets, and the resources families have to cope with them, is crucial to building policies that promote financial health.