Most financial experts recommend having a 3-12 month emergency savings to cover unexpected costs related to job loss, medical bills, or other expenses. Perhaps, the statistics below may surprise you about how much Americans actually save, especially since Americans are generally viewed "rich" compared to people from many other countries.
More than half of Americans have less than 1,000 in savings in 2017. In fact, 57% of Americans have less than $1,000 in savings in 2017 compared to 69% in 2016 and it is quite a revelation.
However, 25% of Americans have $10,000 or more in 2017 compared to 15% in 2016 which is an improvement according to the statistics provided by bank rate.
https://www.gobankingrates.com/saving-money/half-americans-less-savings-2017/
