Birdwatch Note Rating
2023-07-29 21:59:44 UTC - HELPFUL
Rated by Participant: CC2967A732E98CFBDDA9A04A3868103D7B0CA5A057C0A2FDA14138DF33166B14
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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