What Was Financial Security In 2020 All About?
Over the course of 2020, financial insecurity concerns rose to an all-time high. With millions of Americans unemployed or experiencing reduced hours or salaries, more households than ever were living paycheck to paycheck. Q4 2020 hedge fund letters, conferences and more In fact, only 39% of American households could afford an emergency expense up to $1,000, and only 23% of Americans could afford this amount outright. Of the aforementioned 39%, 38% would borrow this amount; 18% would use a credit card; 12% would secure the money from family or friends; and 8% would use a personal loan. Discover...