Emergency fund

i'm curious about who has the requirement for such a fund? the individual? the company? or the government? obviously people have had record low savings for years and now they are paying the price for it. i save 5% a month into a 401k account as well as 5% for a high yield interest account. i have had to reach into the savings account a few times, but i hate doing it. optimally you should have 3 to 6 months of savings put side at any given time.

You are in one way right becuase there are so many job losses becuase of recession. But in the other ways it will encourage the companies to cut the number of the persons drastically as all the company will think that ther is a seperate fund for the job losses and there will not be any number for the job losses. I think what you think is correct but it should be done in a systamatic way so that frauds dont happen.