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Friday, May 18 • 8:00am - 8:50am
109-Fragile Families’ Challenges for Emergency Fund Preparedness

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Zheying Yao, Abed Rabbani - Having an adequate emergency fund is a critical issue for a household’s ability to overcome financial trouble and thus overall financial wellness. Fragile families, which refer to unmarried parents and their children, are ill-prepared in emergency savings compared to an average family. This paper determines the challenges associated with having emergency funds for fragile families and concludes that having debt significantly reduces a family’s likelihood of maintaining an emergency fund and undermines the influence of an increase in income on emergency savings. The odds of having emergency fund are significantly higher in a higher income group than in a lower income group.

Presenters
ZY

Zheying Yao

PhD student, University of Missouri


Friday May 18, 2018 8:00am - 8:50am
Island 1

Attendees (2)