Search
 

Study: Most Americans have no financial plan for the unexpected

Six out of ten American workers do not have a financial plan in place to deal with an unexpected and costly life event such as a medical emergency, according to a new national study from Aflac.

By Kathryn Mayer | Updated on June 10, 2011

Six out of ten American workers do not have a financial plan in place to deal with an unexpected and costly life event such as a medical emergency, according to a new national study from Aflac.

The 2011 Aflac WorkForces Report, released June 8, found that 51 percent of workers said they are not very or not at all prepared to pay for out-of-pocket expenses not covered by major medical insurance. Additionally, 31 percent have less than $500 in savings for emergency expenses.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.