American Families Lack Emergency Savings


Although many family have recovered from the recession, the state of American’s finances is still pretty dismal. According to a survey conducted by Neighbor Works America, 34% of Americans don’t have any emergency savings. Another 25% of Americans have just enough savings to get by for one month in the event of a financial emergency.

The survey goes on to state that the lack of savings affects black families even more. African American households made up 47% of those without savings, as compared to 19% of Caucasian households.

I discussed this topic on Headline News along with my colleague Joyce Brewer. Watch the video below and share your thoughts in the comments section.

Stay Strong,

mocha dad logo, mochadad




Join the conversation: Do you feel as if you have adequate emergency savings?

About author

Frederick J. Goodall

Frederick J. Goodall is the founder of Mocha Dad - a parenting website focused on fatherhood. He is passionate about parenting and helping men to be great dads, husbands, and role models. You can contact him at or on Twitter at