National Six Month Emergency Fund

[Shermann]

Financial gurus recommend individuals have six months worth of expenses saved away for an emergency, or more. Shouldn't countries have this as well? The USA, the richest country in history, should be able to support businesses which are shut down for six months easily. We're barely one month into this and there's protests and talk of a Depression.

Even if we make it two months and reopen, we're going to have Pandemic 2.0 in the winter which is going to last longer. Flu season is October to April or so.

Suze Orman will DENY more PPP programs this winter due to lack of savings.

[TexasTowelie]

1. The issue of building the reserves up to that level

is that it takes money out of the economy where it sits idle. Taxpayers have a valid point in saying that they are over-taxed and that money could be invested elsewhere so that it can earn interest and return profit. There are only two or three states that have six months of reserves (all oil producing states).

[jimfields33]

2. And how many Americans have six months of savings?

More don’t then do. I feel pretty confident saying that.