Huston, S. J. & Chang, Y. R. (1997). Adequate emergency fund holdings and household type, Financial Counseling and Planning, 8(1), 37-46
Adequate Emergency Fund Holdings and Household Type
This study used the 1992 Survey of Consumer Finances to construct five household types in order to
examine the impact of household type on household emergency fund holdings. Households headed by
blacks were less likely than otherwise similar households to have adequate emergency fund holdings.
Age, risk tolerance and education of the household head were also found to have a positive impact on
the probability of a household meeting the guidelines for adequate emergency fund holdings.
Key Words: Emergency funds, Household type, Survey of Consumer Finances
1. Sandra J. Huston, Ph.D. Candidate, Consumer and Family Economics, 239 Stanley Hall, University of Missouri-Columbia, Columbia, MO 65211.
Phone: (573)882-1465. E-mail: firstname.lastname@example.org
2. Y. Regina Chang, Assistant Professor, Consumer and Family Economics, 239 Stanley Hall, University of Missouri-Columbia, Columbia, MO
65211. Phone: (573)882-9343. E-mail: email@example.com
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