The power of the get lost fund
If you needed to leave a toxic job, relationship or other situation, would you have the money to make that possible? For many Americans, the answer is a resounding and unfortunate no.
A 2015 GOBankingRates.com survey of 5,000 Americans found that more than half of those surveyed had less than $1,000 in a savings account. This amount doesn't factor in retirement or other accounts, though other studies show many people aren't putting away enough for retirement either. A 2016 analysis conducted by the Economic Policy Institute based on data from the Federal Reserve Board's Survey of Consumer Finances showed that retirement savings have stagnated over time.