No. of Recommendations: 5
The results show that the typical retired household spends 10 percent of income on unexpected expenses in a normal year.
I don't believe this one single bit.
unexpected expenses could be a source of financial stress for which many retirees are unprepared, especially those with lower incomes.
Duh. Flash! Life is hard when you are poor.
I stopped reading there because it is just stupid. (Great quote from manosphere.)
I manfully won't say anything about the authors or their employer.
When you are retired, your entire net worth is you "emergency fund".
If your net worth is measured by how much gas is in the car, you are in trouble.
