1 in 3 Americans have no emergency savings—while boomers' $2,000 cushion dwarfs Gen Z’s $400, survey finds

A young woman is sitting on the sofa at home with her head in her hands. (Credit: Ekaterina Goncharova / Getty)

• One in three Americans has no emergency savings set aside, according to a new survey from Empower. Gen Z is hit hardest, carrying record debt and struggling to find jobs as entry-level hiring slows. 75% of Americans in the survey agreed emergency savings are essential for financial security.

For one in three Americans, a single surprise bill could spell financial crisis.