Business
Just 39% of Americans could pay for a $1,000 emergency expense – CNBC
Most people don’t have the cash to cover an emergency car repair or unexpected medical bill. A new survey shows how that has worsened since the pandemic.
Unexpected bills, like an emergency car repair or medical bill, are a fact of life.
Yet not everyone can afford to pay up when those kinds of unforeseen events arise.
Just 39% of Americans can afford a $1,000 unexpected expense, according to a new survey from Bankrate.com.
The results mark a slight decline in Americans’ ability to over emergencies compared to past years. In 2020, 41% of respondents said they could afford an unexpected $1,000 bill, while 40% said the same in 2019.
Considering high…
