Nearly 50% of Americans Don't Have Enough Emergency Savings to Get Through the COVID-19 Crisis
COVID-19 has been sickening thousands of Americans and wreaking havoc on millions more. In fact, many states are reporting that their online employment claim-filing systems are overloaded due to the massive uptick in benefit requests in the past week alone.
It's for situations like these that having emergency savings becomes crucial. While unemployment benefits will put some money in your pocket if you're out of work, they won't replace your entire paycheck -- not even close. And if you're self-employed, you're out of luck, as freelance workers generally aren't eligible for unemployment benefits.
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Source Fool.com
