A new survey finds over one-third of Americans tapped their emergency savings within the past year.

The Bankrate survey also found over half of those Americans used the funds to pay for an unplanned expense, such as a medical bill or car repair.

Bankrate senior industry analyst Ted Rossman joined “News All Day” on Thursday to discuss more on the state of the economy, and share tips for building an emergency savings fund.

Tap the video player above to watch the interview.