1. Unpredictable Expenses . Life’s surprises don’t stop when you retire. Major home repairs, replacing an old vehicle, and unexpected family or medical needs can come up without any warning.

Find Out: How Much Money Do Americans Have in Their Bank Accounts in 2025? Read More: 4 Things You Must Do When Your Savings Reach $50,000 However, while you won’t have to look hard to find tips ...

Despite the country's current low unemployment rate, the annual study found that 59% of Americans in 2025 don't have enough savings to cover an unexpected $1,000 emergency expense.