Fed survey shows 40 percent of adults still can’t cover a $400 emergen – Money Is A Defense
Fed survey shows 40 percent of adults still can’t cover a $400 emergency expense.

 

When I first heard of this figure and of this report by the IRS I wasn't shocked. You see after money coaching for several years no I have learned that its the small foxes that spoil the vine as the Bibles says. Its true amounts as small as $400 can cause a catastrophic disaster in the budgets of probably most homes today. I mean, bank accounts drained and overdrawn by hundreds of dollars all because of a small expenditure that was either unforeseen or unprepared for.

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