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BusinessMotley FoolShould You Have an Emergency Fund for Inflation?
If you've been paying attention to your credit card bills, you're no doubt aware that living costs are up across the board. The purpose of an emergency fund is to serve as a source of money when unplanned expenses come your way, or when you encounter a situation where your income disappears or takes a hit (such as if you're laid off at work). Generally speaking, it's a good idea to sock away at least three months' worth of essential living expenses in your savings account.
BusinessYahoo FinanceU.S. savings rate hits lowest level since 2008 — here's why economists aren't concerned
The savings rate is under pressure, but consumer spending is expected to hold up even with inflation surging.
BusinessYahoo FinanceStock market news live updates: Stocks rise, S&P 500 looks to snap 7-week losing streak
The major indexes were on track to end a weeks-long losing streak after a string of more upbeat corporate results at least temporarily offset fears of a steep economic slide.
34 Singapore entries in Forbes 30 Under 30 Asia list, like influencer Annette Lee
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