Birdwatch Note Rating
2023-07-29 16:42:00 UTC - HELPFUL
Rated by Participant: 693FD603ED49D3E821E27A62A93AAA23E6FD0D58A9C177D3AB62E740EC7BF5A6
Participant Details
Original Note:
Kamala Harris's claim that 'most' Americans are $400 away from bankruptcy is incorrect. According to the Fed’s 2022 Economic Well-Being of U.S. Households survey released Monday, 37% of adults would not cover a hypothetical $400 emergency expense exclusively using cash. https://www.federalreserve.gov/newsevents/pressreleases/files/other20230522a1.pdf https://fortune.com/2023/05/23/inflation-economy-consumer-finances-americans-cant-cover-emergency-expense-federal-reserve/
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