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Yeah, let's start with number one and we talk about this every year it's a sad tradition but it's

one that I wait for bank rate to publish what percent of Americans can come up

with a thousand dollars and it you can set your clock to it it's somewhere

around 60 percent this year in 2024 it is 56% of Americans can come up with a

thousand dollars in an emergency.

And that's devastating because a thousand, there's a lot of things in our life that cost a thousand

dollars, medical bills, car bills, car accidents, tickets. I mean you fill in all the different things, it is not hard to rack

up a thousand dollars expenses and yet more than half of Americans can't come up with that and it actually

gets even a little bit worse.

27% of American adults, surveyed by Ban Crate,

have no emergency savings at all.

They are literally living paycheck to paycheck. They are making the ends meet and that is it that's

a terrifying place to be yeah and I think the big takeaway is a as we wrote it your

emergency fund is the barrier between you and the unknowns of life.

I'll go even further and say your emergency fund is your barrier between you and desperate decisions.

Because if you don't have cash reserves you really are setting

yourself up to kind of lean into debt that has just astronomically high interest

rates on it or having to go and ask favors of people you just

...