3 ms·
That was debunked as a misleading interpretation, e.g. https://www.jpmorganchase.com/institute/all-topics/financial-health-wealth-creation/how-vulnerable-are-a
by ThrowawayR2 5mo ago
That was debunked as a misleading interpretation, e.g. https://www.jpmorganchase.com/institute/all-topics/financial-health-wealth-creation/how-vulnerable-are-americans-to-unexpected-expenses https://www.jpmorganchase.com/institute/all-topics/financial... . The graph very specifically says "...using cash or its equivalent".
- mossTechnician 5mo ago> 77 percent of low-income households can cover an unexpected $400 expense, though many must cover it with disposable income or short-term credit... 43 percent of low-income households unable to weather small expense shocks might be able to pay them with access to additional credit. I'm not sure if credit is the ideal solution, nor if additional credit would be beneficial.