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0 pointsTepix6y ago0 comments

On the other hand i predict there will be a huge surge in tourism and partying.

Also, not everyone has insufficient savings.

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68% of Americans dont have enough to cover a $500 surprise bill [0]. A lot will rely on credit availability which will worse that impending crisis.

I am willing to bet more than 50% of people have not enough saving for a crisis long 8-12 months

jawns6y ago

More than 50% of Americans making less than $50K say they can't afford to miss a single paycheck.

About 30% say they have absolutely zero emergency savings.

I would expect that the number of working Americans with emergency savings to cover even six months of expenses is fewer than 1 in 10.

Granted, there are options such as HELOC, tapping 401k, etc.

But most of us are grasshoppers, not ants.

Granted,

That’s an easy prediction I think nearly half of Americans don’t have 500 in savings. That number is 80-90%

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