Sentences with phrase «unexpected financial shocks»
The best way to save for unexpected financial shocks is to have two separate emergency funds: a rainy day fund and an emergency fund.
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We believe the economic and financial backdrop for European stocks has improved and the region is better able to weather unexpected shocks than in recent years.
The political crisis created by the MPs» expenses scandal, the shock of the financial and economic crisis and the erosion of trust in big government has created the conditions for an unexpected revolution.
Based on my experience as a certified credit counselor and questions I get from Money Counselor readers, I know that an unexpected emergency is one of the top reasons people get themselves into financial trouble so serious that years of struggle may follow or the money shock might eventually snowball into bankruptcy.
A 2017 study by Pew Research revealed that 60 % of Americans face a so - called financial shock — or an unexpected expense — every single year.
People with disabilities are also nearly twice as likely to lack even modest savings to help them weather job loss, an unexpected bill, or other financial shock, according to the National Disability Institute.