Birdwatch Note Rating
2023-07-29 20:33:28 UTC - SOMEWHAT_HELPFUL
Rated by Participant: C60CE4F3A06DD817BE79523E5FB49A87AF59174F2A9E2E29F42F656A3FEB200C
Participant Details
Original Note:
According to Fed’s 2022 Economic Well-Being of U.S. Households survey 37% of Americans cannot cover a $400 emergency expense.That means they would have to use credit cards, family ,sell assets or get a loan to cover major unexpected cost but does not necessarily mean bankruptcy https://fortune.com/2023/05/23/inflation-economy-consumer-finances-americans-cant-cover-emergency-expense-federal-reserve/
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