Survey: 28% of Americans have no emergency savings

Only 25 percent of people had six months of savings — the usual amount financial experts say you should have socked away for an emergency.

And six months might not even be enough given how long it’s taken people to find a job these days. The median duration of unemployment was 20 weeks in May, or about five months, according to the Bureau of Labor Statistics. For older Americans it can be much longer.

Another 21 said they had some money saved up, but not even enough to cover three months of expenses.

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