The Predictable Effects of Unpredictable Financial Emergencies
When unexpected expenses arise, few Americans have good options for dealing with them.
Last year, Neal Gabler wrote in about Americans’ financial instability, noting that of them would have a hard time coming up with $400 to cover a sudden expense. That’s bad news, not least because many unexpected events—from an illness to car or home repairs—can lead to bills that amount to much more than that. A finds that many American families can
