“Survey: Nearly 4 in 10 Americans would borrow money to cover a $1K emergency”
January 23, 2020
“…Bankrate’s January Financial Security Index survey reveals that just four in 10 U.S. adults (41 percent) would cover the cost of a $1,000 car repair or emergency room visit using savings. The findings echo what previous Bankrate studies and others — including the Federal Reserve and the Pew Charitable Trusts — have found about Americans’ lack of rainy-day savings…
Nearly four in 10 Americans (37 percent) would borrow money in some capacity if hit with an unexpected bill…”
https://www.bankrate.com/banking/savings/financial-security-january-2020/
Make sure to save money. Trust me when I tell you, you don’t want to be part of this 37%.