Many Americans Still Struggling When it Comes to Finances
Times, it seems, are still tight. Despite years of recovery from the Great Recession, many Americans still struggle when it comes to their finances.
FOX’s Monica Rix explains:
If you ran into an emergency, would you have the money to bail yourself out? A new poll says for many, that answer is no.
In fact, experts say 75-percent of Americans who make less than $50,000 a year would have difficulty coming up with the money to cover say a $1,000 emergency.
When income is increased, the number drops a bit. 67-percent of folks who make between $50,000 and $100,000 say they’d be forced to borrow from a bank or friend or use a credit card to cover an unexpected bill.
Many in this survey say they’re frustrated over the economy, income inequality and insecure about their financial futures.
Monica Rix, FOX News.
