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


2017 AFCPE® Research and Training Symposium


AFCPE Pre-Symposium and FTA: Monday, November 13 - Wednesday, November 15
AFCPE Symposium: Wednesday, November 15 - Friday, November 17
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.



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