May 22, 2016
Two-Thirds of U.S. Would Struggle to Cover $1,000 Crisis: Poll
Two-thirds of Americans would have difficulty coming up with the money to cover a $1,000 emergency, according to a poll released Thursday, a signal that despite years of recovery from the Great Recession, Americans’ financial conditions remains precarious as ever.
These financial difficulties span all income levels, according to the poll conducted by The Associated Press-NORC Center for Public Affairs Research. Seventy-five percent of people in households making less than $50,000 a year would have difficulty coming up with $1,000 to cover an unexpected bill. But when income rose to between $50,000 and $100,000, the difficulty decreased only modestly to 67 percent.