40% of Americans don’t have $400 in the bank for emergency expenses: Federal Reserve

iStock/Hydromet(NEW YORK) — Almost 40% of American adults wouldn’t be able to cover a $400 emergency with cash, savings or a credit-card charge that they could quickly pay off, a Federal Reserve survey finds. About 27% of those surveyed would need to borrow the money or sell something to come up with the $400 and …

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