Fragile Familiess Challenges for Emergency Fund Preparedness

Autor:	Abed G. Rabbani, Zheying Yao
Rok vydání:	2017
Předmět:	Lower income group Actuarial science Debt media_common.quotation_subject Preparedness Demographic economics Business Income group health care economics and organizations media_common Odds
Zdroj:	SSRN Electronic Journal.
ISSN:	1556-5068
DOI:	10.2139/ssrn.3039049
Popis:	Having an adequate emergency fund is a critical issue for a household’s ability to overcome financial trouble and thus overall financial wellness. Fragile families, which refer to unmarried parents and their children, are ill-prepared in emergency savings compared to an average family. This paper determines the challenges associated with having emergency funds for fragile families and concludes that having debt significantly reduces a family’s likelihood of maintaining an emergency fund and undermines the influence of an increase in income on emergency savings. The odds of having emergency fund are significantly higher in a higher income group than in a lower income group.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::a5ceec1d3cfe451274f422666939e4c3 https://doi.org/10.2139/ssrn.3039049 Zobrazit plný text záznamu