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.
