Tag: $400 and COVID
First check improved assessment of ability to cover $400 expense, and later payments may be building balance sheets. Before the COVID-19 pandemic, despite a booming economy, about 40 percent of households said they would have trouble paying a $400 unexpected expense. About half of these households really didn’t have $400, and the other half had…
Easy answer: most households have little savings, and many jobs provide little flexibility. A reporter called recently to ask why Americans are using Twitter to plead for financial assistance during the coronavirus. The answer is that the coronavirus is shining a spotlight on the vulnerability of a wide swath of American households. Start with financia…
