If the Potinsky household spends

$$$$28$ comma $70028,700$

annually on all living expenses and$$ long$-$term debt, calculate the amount recommended for an emergency fund. How might household circumstances$($e$.$g$.,$ wage earners in the$$ household, available$$ credit, and type and stability of$$ employment$)$ affect this$$ decision?

Question content area bottom

Part $1$

The emergency fund amount would range from

$$$enter your response here

to

$$$enter your response here.

$($Round to the nearest dollar and enter the range from lowest to$$ highest.$)$

Part $2$

The

$$

$$

higher

lower

the number of wage earners in the$$ household, the

$$

$$

more

less

credit$$ available, and the

$$

$$

lower

higher

the stability of$$ employment; the higher the emergency fund should be$.$