{
    "success": true,
    "data": {
        "id": 1739678,
        "msgid": "1-in-10-people-lack-emergency-funds-do-you-have-yours-1778781543",
        "date": "2026-05-14 20:15:00",
        "title": "1 in 10 People Lack Emergency Funds: Do You Have Yours?",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Finance",
        "summary": "A recent UK survey reveals that one in ten adults has no savings at all, leaving many households financially vulnerable to unexpected expenses such as vehicle repairs or home damages. Half of respondents have savings covering less than six months of living costs, with 30 per cent able to manage only under three months, falling short of financial experts' recommendations. This highlights the need for better financial planning, as a significant portion would resort to credit cards or lack plans for larger unforeseen costs exceeding \u00a35,000.",
        "content": "<p>Jakarta, VIVA \u2013 Many households remain financially vulnerable. When\nfacing unexpected expenses such as vehicle repairs, home damages, or\nother emergencies, much of the public lacks adequate reserve\nsavings.<\/p>\n<p>A recent survey in the UK indicates that public financial resilience\nis still low, with many people unprepared for sudden cost shocks.<\/p>\n<p>Based on research involving over 13,000 respondents who are members\nof an automotive association, it was found that one in ten adults, or\nabout 10 per cent, have no savings whatsoever. This condition makes them\nhighly vulnerable when facing emergency situations.<\/p>\n<p>Additionally, around 50 per cent of respondents willing to disclose\ntheir financial situation have savings of less than six months\u2019 living\nexpenses. Even around 30 per cent have emergency funds for less than\nthree months of basic needs.<\/p>\n<p>As is known, financial experts generally recommend that people have\nemergency funds to cover living costs for at least three to six months\nto better prepare for income loss or sudden large expenses.<\/p>\n<p>However, this data shows that many people still fail to meet that\nstandard. When asked how they would pay for an unexpected cost of \u00a3500\nor about Rp11.5 million, around 15 per cent of respondents said they\nwould use easily accessible savings.<\/p>\n<p>Meanwhile, 43 per cent would rely on their main account, and 31 per\ncent would use credit cards. Then, for larger costs, such as \u00a35,000 or\nabout Rp115 million, around 25 per cent of respondents admitted they did\nnot know how to cover such expenses.<\/p>\n<p>This situation is increasingly concerning for higher amounts. As many\nas 38 per cent of respondents did not know how to pay for costs of\n\u00a310,000 or about Rp230 million, and nearly half, or 48 per cent, were at\na loss if facing costs above \u00a320,000 or about Rp460 million.<\/p>\n<p>This uncertainty indicates the still weak financial planning of\nhouseholds in facing emergency situations.<\/p>\n<p>The head of the loans and savings division from the institution\nconducting the survey said that unexpected costs are part of life, but\nmany people do not yet have sufficient financial cushions.<\/p>\n<p>\u201cUnexpected costs are part of life, from urgent car repairs to\nhousehold bills. But many people do not have a financial cushion. Even\nsmall regular contributions can help build a safety net over time,\u201d said\nAdam Robery, as quoted from The Independent, Thursday, 14 May 2026.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/1-in-10-people-lack-emergency-funds-do-you-have-yours-1778781543",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}