Full interview: Moneywise sits down with Suze Orman and Devin Miller to talk about why Americans aren't saving enough for emergencies — and how to change that

Almost 70% of Americans can't cover a sudden $400 expense.

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By Moneywise May. 26, 2023

Personal finance expert Suze Orman says Americans with no emergency savings have a 'financial tornado' coming their way.

Joined by SecureSave co-founder Devin Miller, Orman discusses why a good percentage of high income consumers are living paycheck to paycheck, and how employers can help.

Watch the full interview below to hear their take on the 4% rule for retirement, why rising interest rates are a bigger problem than inflation, and what young people can do today to secure their financial future.

More from Suze Orman

Kiss Your Credit Card Debt Goodbye

Millions of Americans are struggling to crawl out of debt in the face of record-high interest rates. A personal loan offers lower interest rates and fixed payments, making it a smart choice to consolidate high-interest credit card debt. It helps save money, simplifies payments, and accelerates debt payoff. Credible is a free online service that shows you the best lending options to pay off your credit card debt fast — and save a ton in interest.

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The Moneywise Editorial Team is a group of passionate financial experts, seasoned journalists, and content creators who are deeply committed to providing unbiased, relevant, and accurate financial information. With years of combined industry experience, our team is dedicated to maintaining the highest journalistic standards and delivering informative and engaging content. From personal finance and investing to retirement planning and business finance, we cover a broad range of topics to suit the financial needs of our diverse readership. You can trust the Moneywise Editorial Team to empower you with the knowledge and tools necessary to make wise financial decisions.

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