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created at

2025-12-28 09:35:00

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McRae: Preparing for the Unexpected | State Treasury of Mississippi

excerpt

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Newsroom McRae: Preparing for the Unexpected How prepared are you for the unexpected? Let’s face it: Life happens. You lose your job. There’s an unexpected medical bill or an unplanned home repair. Do you have enough money to cover those things if they happened tomorrow? For many, the answer is no. Most banks and financial gurus advise having an emergency fund that can cover three months of necessary expenses. But according to a new report from Bankrate.com, most Americans aren’t there yet – and one in four have no savings at all. It’s no surprise then that when the pandemic hit and 20 million Americans lost their jobs, many were left without much of a personal financial safety net. And despite billions of taxpayer dollars being spent on federal stimulus payments, few Americans have been able to move the needle on their savings over the ...

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