Single Adults Are Making This Major Money Mistake
Being single can pose a challenge from a savings perspective. Without a partner to split the bills with, it's harder to find opportunities to sock money away. But if you're single and don't have a financial safety net in place, you could end up damaging your finances irreparably. Unfortunately, that's the very predicament 73% of single adults are in.
According to a new TD Ameritrade study, only 27% of single adults have an emergency fund. By contrast, 39% of married folks have a healthy amount of emergency savings.
Of course, the statistics aren't particularly pretty for either group. But if you're single, it's perhaps even more critical to have an emergency fund than if you're married. And the longer you wait to start building some savings, the more vulnerable you'll remain in the interim.
Source: Fool.com
