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ARTICLE: 1 in 3 Americans can't come up with $2,000here's how much you should b

One-third of Americans would not be unable to come up with $...
Smoky Nighttime Antidepressant Drug
  03/24/17
lol at that expert advice. do these people live IRL
Wonderful Lodge
  03/24/17
...
Smoky Nighttime Antidepressant Drug
  03/24/17
Studies suggest 30% of Americans would have to borrow money ...
Bespoke parlor
  03/24/17
Surprised it's not higher than 33%
cerebral community account
  03/24/17
...
misanthropic market
  03/24/17
That figure is probably including credit
claret french chef
  03/24/17
GLOCAP forces them to stop short of saying "buy less&qu...
Garnet Excitant Office
  03/24/17


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Date: March 24th, 2017 12:13 PM
Author: Smoky Nighttime Antidepressant Drug

One-third of Americans would not be unable to come up with $2,000 to deal with an emergency like an urgent home repair, medical crisis or car accident.

That's according to a new study released this week from The New York Fed. The survey of consumer sentiment surrounding access to and demand for credit was conducted in February.

While 32.5 percent of survey respondents feel they might need $2,000 to cover an unexpected expense in the next month, almost exactly the same number, 32.8 percent, admit they could not come up with that sum in the next month if faced with an emergency. That percentage has held steady since October 2015.

One of the most common emergencies is a medical expense. Currently, one-third of Americans would not be able to handle a $100 medical bill without going into debt . That's according to a February poll conducted by health-care information firm Amino.

The financial vulnerability of Americans is a reminder that, despite historically low unemployment rates, many in the U.S. are still living paycheck to paycheck.

In February, the unemployment rate was 4.7 percent, according to the Labor Department. In October 2010, the unemployment rate was more than twice that at 10 percent.

Wages, however, have been mostly stagnant since 2008 , while the costs of big-ticket items, including college, rent and healthcare, have continued to climb.

Experts advise that, in your 20s, you should aim to save 25 percent of your gross pay, including whatever goes into your 401(k), and that, in your 30s, you should have have the equivalent of your salary saved. As you get nearer to retirement, the amounts you are encouraged to have socked away increase.

For more detailed advice, check out how much you should have saved at every age .

https://www.yahoo.com/finance/news/1-3-americans-cant-come-174449623.html



(http://www.autoadmit.com/thread.php?thread_id=3562868&forum_id=2#32906351)



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Date: March 24th, 2017 12:15 PM
Author: Wonderful Lodge

lol at that expert advice. do these people live IRL

(http://www.autoadmit.com/thread.php?thread_id=3562868&forum_id=2#32906369)



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Date: March 24th, 2017 12:17 PM
Author: Smoky Nighttime Antidepressant Drug



(http://www.autoadmit.com/thread.php?thread_id=3562868&forum_id=2#32906375)



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Date: March 24th, 2017 12:26 PM
Author: Bespoke parlor

Studies suggest 30% of Americans would have to borrow money to pay an unexpected $100 bill.

vs.

Experts suggest you have to save at least 30% of your take home salary!

Trump's America vs. libs' America...

(http://www.autoadmit.com/thread.php?thread_id=3562868&forum_id=2#32906432)



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Date: March 24th, 2017 12:17 PM
Author: cerebral community account

Surprised it's not higher than 33%

(http://www.autoadmit.com/thread.php?thread_id=3562868&forum_id=2#32906374)



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Date: March 24th, 2017 12:20 PM
Author: misanthropic market



(http://www.autoadmit.com/thread.php?thread_id=3562868&forum_id=2#32906386)



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Date: March 24th, 2017 12:20 PM
Author: claret french chef

That figure is probably including credit

(http://www.autoadmit.com/thread.php?thread_id=3562868&forum_id=2#32906387)



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Date: March 24th, 2017 12:46 PM
Author: Garnet Excitant Office

GLOCAP forces them to stop short of saying "buy less"

GLOCAP is just trying to encourage government handouts to flow right into GLOCAP's HUNGRY JAWS

(http://www.autoadmit.com/thread.php?thread_id=3562868&forum_id=2#32906610)