In 2020, 62 percent of respondents in the United States who participated in flexible work said that their emergency savings would not last six months. This is compared to 24 percent of respondents whose emergency savings would not last one month.
Having emergency savings is generally considered to be a sign of financial well-being, especially if those savings can last for longer periods of time, as the person would then be able to support themselves in case of an emergency or loss of a job.
Share of gig workers whose emergency savings would not last in the United States in 2020, by length of time
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Prudential Financial. (November 20, 2020). Share of gig workers whose emergency savings would not last in the United States in 2020, by length of time [Graph]. In Statista. Retrieved December 03, 2024, from https://www.statista.com/statistics/1035743/gig-economy-share-workers-difficulty-handling-unexpected-expense-us/
Prudential Financial. "Share of gig workers whose emergency savings would not last in the United States in 2020, by length of time." Chart. November 20, 2020. Statista. Accessed December 03, 2024. https://www.statista.com/statistics/1035743/gig-economy-share-workers-difficulty-handling-unexpected-expense-us/
Prudential Financial. (2020). Share of gig workers whose emergency savings would not last in the United States in 2020, by length of time. Statista. Statista Inc.. Accessed: December 03, 2024. https://www.statista.com/statistics/1035743/gig-economy-share-workers-difficulty-handling-unexpected-expense-us/
Prudential Financial. "Share of Gig Workers Whose Emergency Savings Would Not Last in The United States in 2020, by Length of Time." Statista, Statista Inc., 20 Nov 2020, https://www.statista.com/statistics/1035743/gig-economy-share-workers-difficulty-handling-unexpected-expense-us/
Prudential Financial, Share of gig workers whose emergency savings would not last in the United States in 2020, by length of time Statista, https://www.statista.com/statistics/1035743/gig-economy-share-workers-difficulty-handling-unexpected-expense-us/ (last visited December 03, 2024)
Share of gig workers whose emergency savings would not last in the United States in 2020, by length of time [Graph], Prudential Financial, November 20, 2020. [Online]. Available: https://www.statista.com/statistics/1035743/gig-economy-share-workers-difficulty-handling-unexpected-expense-us/
