Too Many Americans Can't Afford a $400 Emergency

1,896 views · Published 29 May 2018 · 8:04 · Indexed 4 November 2026

Channel: The Logical Leftist · 2018 · News & Politics

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"Four in 10 Americans are unable to cover an unexpected expense of $400 or more without resorting to borrowing money or selling some of their possessions, a Federal Reserve annual economic survey has found.

At the same time, the Fed’s fifth annual Survey of Household Economics and Decisionmaking found that in 2017 one in five Americans knew someone who was addicted to opioids or painkillers."

https://www.theguardian.com/business/2018/may/22/federal-reserve-emergency-expense-economic-survey

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