Emergency Expenses Are Part of Financial Planning

The Consumerist (a service of Consumer Reports) recently reported on a Bloomberg study on Work, Workers and Technology. The nugget they pulled is not related to any of those things; it deals with financial security, and the result is very bad. One thousand respondents were asked if they were prepared for unexpected expenses, and a majority said no. The results:

$1000 expense:  80% could not pay it
$100 expense:  48% could not pay it
$10 expense:  28% “would have to worry about being able to p...