Tag: $400 emergency expense
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…
The brief’s key findings are: Before COVID-19, many households said they would have trouble paying a $400 unexpected expense. The question is how COVID, with its mix of job losses and stimulus checks, has affected households’ financial well-being. While the final impact of the three stimulus payments will not be known for several years, preliminary…
