How much should you put into an emergency fund?

Name: How much should you put into an emergency fund?
Uploaded: 2026-06-02T16:01:35Z
Duration: 6 min 7 s
Description: Many Americans find themselves financially vulnerable when unexpected expenses arise. In fact, 29% of Americans have more credit card debt than they have in savings, and nearly 1 in 4 have no savings at all. Michael Masserant of the Retirement Education Foundation explains why an emergency fund is important and how you can start building it.

FOX LOCAL Detroit · Jun 2, 2026 · 6m 7s

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Many Americans find themselves financially vulnerable when unexpected expenses arise. In fact, 29% of Americans have more credit card debt than they have in savings, and nearly 1 in 4 have no savings at all. Michael Masserant of the Retirement Education Foundation explains why an emergency fund is important and how you can start building it.