3 ms·
https://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023-expenses.htm#xunexpectedexpensesandemergencysavin-e41f3c67 https:/
by myffical 2y ago
https://www.federalreserve.gov/publications/2024-economic-well-being-of-us-households-in-2023-expenses.htm#xunexpectedexpensesandemergencysavin-e41f3c67 https://www.federalreserve.gov/publications/2024-economic-we...
> When faced with a hypothetical expense of $400, 63 percent of all adults in 2023 said they would have covered it exclusively using cash, savings, or a credit card paid off at the next statement [...] 37 percent of adults [...] would not have covered a $400 expense completely with cash or its equivalent
- deanmoriarty 2y agoThanks, very helpful! I am still puzzled how this data reconciles with the median net worth figures that are also produced by the federal government (too lazy to google again).