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Listen "Using an emergency fund to reduce coronavirus anxiety"
Episode Synopsis
Value of having an emergency fund of several months cash plus potentially additional years in bonds
Why we should focus on emergency fund support (e.g. basic income) as public policy first - then focus on improving jobs later
Typical article on how most Americans couldn't come up with $500 in an emergency: https://www.forbes.com/sites/maggiemcgrath/2016/01/06/63-of-americans-dont-have-enough-savings-to-cover-a-500-emergency/#642c86ed4e0d
Why we should focus on emergency fund support (e.g. basic income) as public policy first - then focus on improving jobs later
Typical article on how most Americans couldn't come up with $500 in an emergency: https://www.forbes.com/sites/maggiemcgrath/2016/01/06/63-of-americans-dont-have-enough-savings-to-cover-a-500-emergency/#642c86ed4e0d
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