Higher Earners Have a Median $31,900 in Savings. But Is That a Good Thing?

·3-min read

You often hear that no matter how much you earn, it's important to sock money away in a savings account. As a general rule, it's good to have enough in cash reserves to cover at least three months of living expenses. Your goal in building an emergency fund is to have enough money to get through a period of unemployment or a major unplanned expense without being forced into debt.

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