How Each Generation’s Emergency Savings Habits Differ

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Three Generation women.

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Many Americans arent financially prepared for the unexpected.

Boomers have the strongest financial safety nets.

Only 26% put their money intohigh-yield savings accounts, with many opting for cash reserves instead.

Many put money away when they can, rather than following a set plan.

They also favor keeping their savings in high-yield savings accounts over cash, to make their money stretch further.

More than half feel stressed about not having enough saved, yet 31% have sought professional financial guidance.

They also lean toward high-yield savings accounts, hoping to build their funds more efficiently over time.

Its not all bad news for younger generations.

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