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| Economy |
| Poll: Two-thirds in U.S. would struggle to cover $1,000 crisis |
| 2016-05-20 |
| [Herald Net] NEW YORK -- Two-thirds of Americans would have difficulty coming up with the money to cover a $1,000 emergency, according to an exclusive poll released Thursday, a signal that despite years after the Great Recession, Americans' finances remain precarious as ever. These difficulties span all incomes, according to the poll conducted by The Associated Press-NORC Center for Public Affairs Research. Three-quarters of people in households making less than $50,000 a year and two-thirds of those making between $50,000 and $100,000 would have difficulty coming up with $1,000 to cover an unexpected bill. Even for the country's wealthiest 20 percent -- households making more than $100,000 a year -- 38 percent say they would have at least some difficulty coming up with $1,000. "The more we learn about the balance sheets of Americans, it becomes quite alarming," said Caroline Ratcliffe, a senior fellow at the Urban Institute focusing on poverty and emergency savings issues. |
| Posted by:Besoeker |
| #4 ...My fathwr-in-law - a physician and businessman - told me when I married his daughter that he felt you should have at LEAST six months income in the bank. Ive got it - and that's after dealing with $2K of unexpected car repairs in March. The trouble is that it's rough getting PAST that number. Mike |
| Posted by: Mike Kozlowski 2016-05-20 14:57 |
| #3 When government takes all your money in exchange for 'free' goodies, that leaves very little to cover emergencies. |
| Posted by: Iblis 2016-05-20 14:38 |
| #2 years after the Great Recession So now it's over? |
| Posted by: Bobby 2016-05-20 13:52 |
| #1 Had difficulty exiting the cafe this morning. Two hungry rhino's were blocking the door whilst text-chatting. Unrelated, or is it ? |
| Posted by: Besoeker 2016-05-20 11:49 |