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Good on him for digging into it, but his conclusion is not much more cheery than the 40% statistic he is bashing. His conclusion: most of those 40% would be ab

Good on him for digging into it, but his conclusion is not much more cheery than the 40% statistic he is bashing. His conclusion: most of those 40% would be able to borrow money to cover an unexpected $400 expense, and only 14% of all people truly would be unable to meet a $400 obligation. That is still a damn scary statistic that still illustrates how close to the edge so many people live.

crdoconnor 7y ago
His conclusion: most of those >40% would be able to borrow money to cover an unexpected $400 expense, and only 14% of all people truly would be unable to meet a $400 obligation. That's pretty much exactly how I interpreted the original.