how does having a savings account help a pers...
how does having a savings account help a persons financial well - being? it improves a persons ability to deal with emergencies. it improves a persons job security. it reduces the balance on a persons credit card. it reduces the fica payroll contribution.
Answer
# Brief Explanations:
A savings account provides a financial buffer for unexpected events like medical emergencies or job - loss. Job security is related to employment factors, not savings accounts. Reducing credit - card balance depends on repayment behavior, not savings directly. FICA contributions are based on income and are not affected by savings accounts.
# Answer:
It improves a person's ability to deal with emergencies.