Inflation & Prices
Shrinking Minority of Americans Able to Cover $400 Surprise Bill
- Emergency expenses strain lower-income brackets, students more
- US adults report more frequent, costlier emergency expenses
Pedestrians and shoppers in New York.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
Fewer Americans can afford to foot a $400 emergency expense compared with last quarter, according to a new survey.
The share of US adults who said they could cover a surprise $400 bill in the third quarter without taking on debt dropped two percentage points to 46%, according to a poll conducted by decision intelligence company Morning Consult for Bloomberg News.