BUILDING A SAVINGS CUSHION IN A TIME OF EMERGENCY

If you are going to stockpile anything these days, consider liquid savings.

A stash of easily accessible money to tap for emergencies is always important, but it is critical at times like these when people face potential layoffs and deep economic uncertainty.

Experts generally suggest having three to six months of savings on hand, but that can be tough for many people who are living paycheck to paycheck. At least one-quarter of American adults say they wouldn’t be able to cover an unexpected expense of $400, according to a survey by the Federal Reserve. “There are far too many Americans who are financially unprepared for