Poll Results: Emergency Funds

We want to thank those of you who took a moment to answer last month's poll question: "How confident are you that your emergency funds will cover unexpected expenses?"

About two-thirds of you shared that you are mostly or extremely confident in your ability to cover unexpected expenses. That is good news and comforting to hear as our goals are to help you save for the long-term and focus on your overall financial wellness. This includes managing debt.

About one-third of respondents shared that they were not so confident in their ability to cover unexpected expenses, were not sure if they had enough saved, or already knew that they didn't have an emergency fund. Here's where we want to emphasize strategies and resources available to assist with debt reduction and debt management. Some of the resources you can use, include:

For more information about available resources, please contact your ICMA-RC Retirement Plans Specialist.

Please note: The contents of this publication provided by ICMA-RC is general information regarding your retirement benefits. It is not intended to provide you with or substitute for specific legal, tax, or investment advice. You may want to consult with your legal, tax, or investment adviser to review your own personal situation. Some of the products, services, or funds detailed in this publication may not be available in your plan. This document contains information obtained from outside sources and it references external websites. While we believe this information to be reliable, we cannot guarantee its complete accuracy. In addition, rules and laws can change frequently.

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