If a household receives a subsidy to hold more than their target emergency savings amount, they are likely to revert to their original target once the subsidy is removed, provided their belief about the optimal savings amount remains unchanged.

Authors

• Person: Not available Organization: JPMorgan Chase Institute
  Building financial security and resilience to unexpected expenses

Sources

• Building financial security and resilience to unexpected expenses www.jpmorganchase.com JPMorgan Chase Institute via serper

Referenced by nodes (1)

• emergency fund concept