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Two-thirds of Americans couldn't pay a $1,000 bill

A survey conducted by the Associated Press found that three-quarters of those making less than $50,000 a year say they would have a tough time scraping together $1,000 in the event of an emergency.

By Jack Craver | Updated on May 23, 2016
Photo: Getty Images

Here’s another headline that underscores America’s savings problems: Two-thirds of U.S. adults would struggle to handle a $1,000 crisis.  

Read: Most Americans have less than $1,000 in savings

A survey conducted by the Associated Press found that three-quarters of those making less than $50,000 a year say they would have a tough time scraping together $1,000 in the event of an emergency. That dovetails with a recent study that found that nearly half of Americans would struggle to pay a $400 bill.  

What is truly alarming is that those with higher incomes aren’t that much less likely to report a similar lack of savings. Two-thirds of those with incomes between $50,000 and $100,000 say they would have difficulty fielding $1,000. 

Read: What bills do Americans lose sleep over?

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Jack Craver

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