Bridging the Gap: Building a Community of Financial Well-being


2018 AFCPE® Research and Training Symposium


AFCPE Pre-Symposium: Monday, November 12 - Wednesday, November 14
AFCPE Symposium: Wednesday, November 14 - Friday, November 16
Schedule Subject to Change

Title: Factors Associated with Fragile Families' Emergency Fund
Wednesday, November 15th, 2017
Having an adequate emergency fund determines 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 factors 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 income on emergency savings. The odds of having emergency fund are significantly higher in a higher income group than in a lower income group.



Back to Top