Slight correction here. According to the Report on the Economic (2015), only 31% of the people responded stated that they could not cover the expense. It should

Slight correction here. According to the Report on the Economic (2015), only 31% of the people responded stated that they could not cover the expense. It should also be noted that 46% of the total respondents said that they would have a hard time paying the $400. Page 22: https://www.federalreserve.gov/2015-report-economic-well-being-us-households-201605.pdf https://www.federalreserve.gov/2015-report-economic-well-bei...