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Millions of Americans are only $400 away from financial hardship. Here’s why

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Millions of Americans are one pay check away from the street. Only 39% of people say they have enough saved for a rainy day.. Some 44% of people said they could not cover an unexpected $400.

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Millions of Americans are only $400 away from financial hardship. Here’s why. An unexpected expense of $400 can force more than one-third of American adults into a difficult financial situation.

Millions of Americans are just one paycheck away from ‘financial disaster’. Missing more than one paycheck is a one-way ticket to financial hardship for nearly half of the country’s.

Many Americans describe their situation as financially stable, but economic fragility is persistent across the U.S., especially related to income level, educational attainment, and ethnicity and race. An unexpected expense of $400 can force more than one-third of American adults into a difficult financial situation.

And the Consumer Financial Protection Bureau site for service members has many resources related to protecting finances and planning for the future .. Millions of Americans are only $400 away.

After all, an emergency stash of just $400 puts you in better shape than about half of all Americans. Americans are getting better about saving, but we still have a long way to go before it’s really.

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 · But nearly a third still lack savings to handle a 0 emergency expense, and one-quarter have no retirement savings. Millions of Americans are only $400 away from financial hardship.