If you are going to stockpile anything these
days, consider liquid savings.
A stash of easily accessible money to tap for
emergencies is always important, but it is critical
at times like these when people face potential
layoffs and deep economic uncertainty.
Experts generally suggest having three to six
months of savings on hand, but that can be
tough for many people who are living paycheck
to paycheck. At least one-quarter of American
adults say they wouldn’t be able to cover an
unexpected expense of $400, according to a
survey by the Federal Reserve.