Tag: unexpected expense
Despite a strong economic recovery, about 40 percent of households in 2017 still said they would have trouble paying for a $400 unexpected expense. A recent study from the Center for Retirement Research uses data from two Federal Reserve surveys – the Survey of Household Economics and Decisionmaking (SHED)and the Survey of Consumer Finances (SCF)…
The brief’s key findings are: About 40 percent of households, spanning the income spectrum, say that they couldn’t cover a $400 unexpected expense. In fact, some of these households actually do have enough to cover this modest expense, but they feel constrained by credit card debt. Overall, the analysis finds that the vulnerable households fa…
