Less than half of Black and Hispanic individuals have enough savings to maintain their standard of living in case of a job loss or other emergency: Share of adults who have enough savings to cover expenses for three months in case of an emergency
| White | Black | Hispanic | |
|---|---|---|---|
| 2019 | 59.2% | 38.1% | 38.6% |
| 2021 | 64.4% | 44.1% | 50.6% |
| 2024 | 60.3% | 41.4% | 44.1% |
Note: Race and ethnicity are mutually exclusive (i.e., white non-Hispanic, Black non-Hispanic, Hispanic any race).
Source: Author’s analysis of Board of Governors of the Federal Reserve System, Survey of Household Economics and Decisionmaking (Washington: Board of Governors, 2020, 2022, and 2025).