11 Days Can be a Long Time
Could you survive for more than 11 days on what you have in savings? If so, you’re ahead of many people.
More than a third of adults could survive financially for only 11 days if they were to lose their job, became too ill to work, or suffered another catastrophe. A new UK-based study shows just how close to the financial edge many people are.
Researchers looked at how much people spend every month and how much they have in savings. Out of 2000 adults surveyed, they found a massive gap between what the participants spent in a given week and how much they had in their accessible savings, including their pension.
Continue reading the rest of my guest post on MoneyWiseWoman here.