We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
By
June 26, 2026 / 2:44 PM EDT
/ CBS News
Add CBS News on Google
The need for an emergency fund is strong in today's economy. Here's how to access the safety net you may already own.
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
By
June 26, 2026 / 2:44 PM EDT
/ CBS News
Add CBS News on Google

Have $40,000 saved for an emergency? Here are two places to consider storing it (and two places to avoid).

Many Americans have less saved for an emergency this year, and 1 in 3 have no emergency fund.

It can be tricky to save for an emergency fund while paying off debt. Here's how to strike the right balance.

Rainy-day funds help prevent savers — especially hourly workers — from raiding their retirement accounts.

Roughly one-third of Americans are not prepared for a financial emergency.

Although employers have been allowed since 2024 to offer two new emergency savings options tied to 401(k)s, few have done so.