Your Must-Read Money Stories of the Week: The Demo With the Big Emergency-Fund Problem

Your Must-Read Money Stories of the Week: The Demo With the Big Emergency-Fund Problem

We’ve scoured the web to bring you our favorite and most useful money-related articles of the week. We read everything, so you don’t have to!

Do you have an emergency fund? If so, congratulations—but know that you’re in the minority. According to a recent report, only 28% of U.S. adults have saved six months’ worth of expenses—and 66 million adults have absolutely nothing saved. The most surprising part? GenXers struggle the most with maintaining a rainy day fund. Here's why. 66 Million Americans Have No Emergency Savings — NBC News

It can pay to stay in school, but it can cost you if you stay too long. Taking six years instead of the standard four to earn a bachelor’s degree can cost students up to almost $300,000 in tuition, interest on loans and forgone income and retirement savings, according to a new study by NerdWallet. Here's how the opportunity costs break down. 2 Extra Years in College Could Cost You Nearly $300,000 —NerdWallet

The annual raise may not be the only once-standard employee benefit soon to be a thing of the past. Other perks, including subsidized childcare, mortgage assistance and employee stock purchase plans are also on the decline, according to the latest survey from the Society of Human Resource Management. But don’t get too discouraged—companies now offer other perks in their place. These Workplace Benefits Are Slowly Fading Away — CNN Money

Home sales surpassed a nine-year high in May, according to the National Association of Realtors, signaling a strengthening economy. Low mortgage rates and a shift in housing needs contributed to the rise, as younger adults find employment and older Americans downsize. See what this means for both buyers and sellers. Low Mortgage Rates Boost U.S. Home Sales to Nine-Year High — Reuters

What middle class squeeze? New data from the Urban Institute finds that the upper middle class is on the rise, accounting for nearly a third of the U.S. population in 2014—a record high. But as this group (defined in the research as a household earning $100,000 to $350,000 for a family of three) grows, so does the nation's income disparity. Not Just the 1%: The Upper Middle Class Is Larger and Richer Than Ever — The Wall Street Journal


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