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AARP: Adding Automatic Emergency Savings to Retirement

by U.S. Financial Diaries

A new report from the US Financial Diaries project provides evidence that lower income households are saving up for frequent, short-term emergencies that prevent the growth of long-term savings. Could 401k style auto-enrollment programs help to manage both long- and short-term savings goals?

Recently the AARP blog proposed such an idea, citing research from USFD

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