Brand X Pictures | Stockbyte | Getty ImagesWhy Americans are prone to 'financial fragility'Almost two-thirds of respondents, 63%, say high inflation has left less room to save for emergencies.
"There's a persistence of fragility in American society," said Mark Hamrick, senior economic analyst at Bankrate.
Yet year after year, surveys show building meaningful emergency savings remains a difficult hurdle for many Americans.
How to reframe how you think about savingTo successfully boost emergency savings, it may help to reframe the way you think about that goal, Klontz, said.
What may help to overcome that is to visualize, which helps create an emotional experience that can help activate behavioral change.
Persons:
Mark Hamrick, Hamrick, Klontz
Organizations:
Brand