{"id":10338,"date":"2025-04-26T08:40:18","date_gmt":"2025-04-26T12:40:18","guid":{"rendered":"https:\/\/kerryhannon.com\/?p=10338"},"modified":"2025-04-27T06:22:17","modified_gmt":"2025-04-27T10:22:17","slug":"worried-about-a-layoff-pump-up-your-emergency-savings","status":"publish","type":"post","link":"https:\/\/kerryhannon.com\/?p=10338","title":{"rendered":"Worried about a layoff? Pump up your emergency savings."},"content":{"rendered":"
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For a growing number of workers, job loss anxiety is gaining steam.<\/div>\n<\/div>\n<\/section>\n<\/div>\n
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According to a new\u00a0survey<\/a>\u00a0by the Federal Reserve Bank of New York, Americans who are worried about the job market hit levels on par with the pandemic.<\/p>\n

Unemployment expectations \u2014 whether people think the unemployment rate will pop up a year from now \u2014 jumped 4.6 percentage points to 44%, the highest reading since April 2020. The increase was spread across age, education, and income groups.<\/p>\n

Read on Yahoo Finance<\/a><\/strong><\/em><\/p>\n

It\u2019s hard not to feel shaky given the chatter about a recession looming, inflation taking off again, and the daily roster of thousands of layoffs in the federal workforce and large companies.<\/p>\n

Instead of sitting around worrying, use that fear to get as financially fit as you can right now.<\/p>\n

One way is to turbocharge your emergency savings fund.<\/p>\n