Seven years after the end of the Great Recession, millions of Americans have yet to find firm financial footing. That’s one reason why the economy remains a top concern in the 2016 presidential election…
The Fed survey highlights many of Americans’ continuing economic worries. Some 46% of adults say they can’t cover an unexpected $400 expense or would have borrow or sell something to do so.
While lower income Americans said they’d have the toughest time handling this emergency charge, some 38% of middle class Americans reported they’d have trouble too. Even 19% of those raking in over $100,000 a year said they couldn’t pay the bill promptly.
