Americans Hoarding Cash Due to Recession Fears, But Experts Advise Investing for the Long Term

Americans are keeping too much money in cash due to recession concerns, survey finds.

Having some emergency savings is prudent, but too much cash means missing out on market gains.

Aim for 6-12 months' expenses in emergency savings; more if job is unstable.

Interest rates are high - shop around for savings accounts paying 5% or more.

Don't try to time recessions - stick to long-term investment strategy and dollar cost average.