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We often hear that Americans have little money saved for emergencies. But that is not true for everybody. Krakenimages.com / Shutterstock.com
A financial emergency can arise at any moment: The car breaks down, the roof springs a leak, or you suddenly need a root canal. Can you afford to pay for such an expense? Among many of the 38% of adults who have an emergency fund, the answer is a resounding “yes.” Recently, New York Life surveyed 2,200 adults and asked those who have an emergency fund to describe how much they have tucked away.
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