NU Online News Service, Oct. 26, 2004
Despite fears of not having enough money to cover sudden financial emergencies from a job loss, an unexpected illness or a major home repair, most Americans are unprepared, a new study suggests.[@@]
Relatively few are preparing for future cash crunches or are seeking financial advice to help them with key goals, even from their spouses, according to the National Investment Watch Survey by A.G. Edwards Inc., St. Louis, Mo., an investment firm.
Edwards blames the general lack of preparation on the current economic uncertainty in the U.S., leaving Americans worried about their short-term financial stability but lacking liquid assets to help handle emergencies..