A new survey suggests fewer than four in ten Americans have put away money for a rainy day.
That's despite repeated recommendations that people set up emergency funds, such as checking or savings accounts, with the equivalent of three months' living expenses.
The poll was done for Bankrate.com.
As might be expected, wealthier people and older people were more likely to have emergency accounts.
The study found that more than 60 percent of those earning more than 75-thousand-dollars a year said they had emergency funds.
Only 20 percent of those earning less than 20-thousand-dollars a year had emergency savings.
One in two adults 65 and older have one, but just one in five of those aged 18 to 24 do.
The survey found that the average emergency fund contained just under 22-thousand dollars.
The telephone poll of 1,005 adults 18 and older was conducted in June.