For most people in Denmark, emergency funds are not necessary. If you live somewhat frugally, dagpenge will take care of you (and if you maintain yourself within the framework). It ensures a living wage for up to 2 years if you get laid of (or if you resign, just with the caveat of one month quarantine).
> For most people in Denmark, emergency funds are not necessary.
So you'll never have a car break down? With a home ownership rate of 60%, people who have burst plumbing and flooding, leaky roofs, etc, will never have to deal with a sudden repair bill?
I live in Canada, and we have decent employment insurance, but if by water heater bursts and floods the basement, or my furnace dies in the middle of winter, EI won't be useful.
