Today's scary stat: 47% of Americans say they can't afford an unexpected $400 expense
The economic struggles of ordinary Americans are getting a good airing this presidential season and a statistical finding from the Federal Reserve provides ammunition for a candidate in either party who wants to make the case that too many people have been left behind.
"47: The percentage of Americans who can’t pay for an unexpected $400 expense through savings or credit cards, without selling something or borrowing money, according to the Federal Reserve."
The dollar figure caught our eye. It seemed surprisingly low.
But it checks out. Read how.