With a recession looming, it's an important time to have an emergency savings account, finance expert Suze Orman says

"There has never been a time that as much as right here and right now in the recent past that an emergency savings account is vital, absolutely vital," Orman said.

Orman has made it her mission to get more people to save money in case of emergencies. In 2020, she co-founded SecureSave, a company working with employers to provide emergency savings accounts to employees."If you go back through my entire history of almost 40 years now, I've been [saying] emergency savings, emergency savings, emergency savings," Orman said.

Generally, the Federal Deposit Insurance Corporation guarantees up to $250,000 per depositor, per insured bank, per account ownership category.

by adding two or more beneficiaries, you can get an additional $250,000 in coverage per beneficiary - SuzeOrmanShow

If everybody thinks recession is coming, it's not gonna happen.

Better save that money in jars and bury it in your back yard. When the government tallies up the total savings in all bank accounts.... they will force the money to be spent on unnecessary wars, taxes and social equity programs. You earned the $$, pay your taxes and save for…

The recession has been “looming” for over a year now. But keep it up, gang. These pundits will talk us into it

thanks genius

The 🐐

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