Inflation Nation

[Pro-Life]

82% Of Americans Say They Couldn't Afford $500 Emergency Thanks To COVID-19
by Tyler Durden - Sun, 12/06/2020 - 16:10

https://www.zerohedge.com/economics/82-americans-say-they-couldnt-afford-500-emergency-thanks-covid-19

For context, prior to the pandemic, surveys showed that roughly half of Americans couldn't afford a $500 emergency expense, which means the number of people who say they couldn't cover a small emergency has risen by 60%.

Nearly half added that they now regret living beyond their means for so long before the crisis.

But the market's at record highs, so at least those who have the option can borrow against their 401(k)s for a little emergency cash (that is, if they have a 401(k)).