What is a common financial goal for young adults?

Building an emergency fund is a common financial goal for young adults because it provides a financial safety net for unexpected expenses, such as medical emergencies, car repairs, or job loss. Establishing an emergency fund allows young adults to feel more secure in their financial situation, preventing them from relying on high-interest credit options or loans in times of crisis. This financial foundation promotes good budgeting habits and encourages individuals to be proactive about their financial health, which is especially important for those who may be facing student loans, starting new careers, or entering the workforce for the first time. By prioritizing an emergency fund, young adults can navigate unexpected challenges with greater confidence and stability.