Summary: Did you know more than 60% of Americans have less than $1,000 in savings, making it extremely difficult to recover from an emergency—whether it is a natural disaster or a broken water heater? When people hear about disaster preparedness, regardless of the hazard, we often do not focus much on the financial aspect and financial preparedness. Having a financial preparedness plan is an important part of your overall emergency plan. Being financially prepared can make a huge difference following disasters. On this episode, Alan Becker, the host of the radio program, Retire Right Radio joins the FEMA Podcast to discuss the importance of putting yourself in the best position to bounce back financially from a disaster.
