Michigan vs. U.S.

2018 Rainy Day Funds

MIUS
Have fund48.548.5
No fund44.646.4

Michigan vs. U.S.

% Have Rainy Day Fund

MIUS
200934.335.3
201235.839.9
201545.146
201848.548.5
Share Embed

Copy the following code into your website to include this row:

Individuals who have a "rainy day" fund demonstrate that they are planning ahead for their financial future. Those who lack a "rainy day" fund, however, do not have money set aside to cover expenses for three months, in case of emergencies such as sickness, job loss or economic downturn.

Individuals without this emergency savings lack a buffer against unexpected financial shocks, threatening their personal financial stability, as well as decreasing the stability of the economy as a whole.