Almost half of Americans can handle a $1,000 emergency, such as a medical bill or car repair, by dipping into savings.
Another 37% say they would use a credit card, take out a personal loan or ask family for financial help to handle unexpected expenses, according to a new poll from Bankrate of over 1,000 U.S. adults. Only about 3% of respondents say they don't know how they would handle a $1,000 emergency.
That's in line with other research. Last year, about 61% of American households said they would pay for an unexpected $400 expense with cash, savings or a credit card, the Federal Reserve found. About 12% said they would not be able to cover the expense at all.
https://www.cnbc.com/2020/01/21/41-p...h-savings.html



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