How much do people have in their emergency fund? I’m 25 with $31k and nervous that this might not be enough

My general rule of thumb is it have 3 months of salary in cash for emergencies. This would allow me to live comfortably for 6 months atleast and can. Be stretched out to a 12 months if needed.

For someone in your age group, I would strive to have enough cash to live 6 months without income (rent, food and utilities) I think 30k should be fine. Assuming you don't have dependents, this should be an easy target.

OP, I think perspective is important. Is this a separate account from all other banking and investment accounts? More importantly, how long can you last on that 31K? If you live in a small town where rent is $500 a month and you have minimal other expenses, that could last you a long time. Even in an expensive city like DC, you could hypothetically lose your job today and scale back enough today to last a year (just spit balling here).

3-6 month runway is fine. You will be fine.

I’m 30 with $10k, prioritizing getting that up to $25k ASAP

Weird flexes but ok

38 and not enough. 2 kids in daycare, student loans, mortgage but we will make it through 😩

I’m 26 and like $10k but my emergency plan is move home with my parents if things ever got really bad.

I’m 26 and have ~$20k, which is about 5x my monthly expenses. I’m fine with this considering my expenses would likely go down if I’m unemployed

31 w/ ~$20k between my husband and myself. Monthly expenses are about 5k/month. I’m shook.

For me my expenses range from 2-2.5k a month so 20k is easily doable. I’m 24

Analyst/ 22, Damn y’all. I only got like 2k in my bank account and 6k in the market that I could pull out if things ever got bad.

34 and we’ve got 350k in liquid assets - battening down for a long downturn.

35 with 100-150k cash and equivalents that could be liquidated without taking a loss. That said, my dual income household is down 1 income (SO between jobs with final rounds all on hold) which is pretty painful. We have about 8 months at current burn, 12 months with deep cuts. If we burn through 50-100k of emergency fun, that will be painful... but that’s what it’s for and obviously we’re far from being in a dire situation.

About 100K cash but current lockdown is massively impacting wife’s job so more or less one income. We will be fine but not taking many chances

Kind of surprised at these numbers, seem low... specially for people 30 and above. Is that because people spent too much cash on house payments or invested in the market ?

I’m 25 with $13k in a HYSA.. and $3k in monthly expenses.. just a little nervous

23, 90k, no family

24, 15k in my bank and about 8k invested in stocks

22, $55k in savings account