[Updated] Question of the Day: What percentage of Americans can not come up with the cash to cover a $400 emergency? - Blog
Answer: 12% It is time once again to take a look at new data on this often quoted number, and put it in context. (In fact, 12% is the critical figure here, representing those who can’t pay it at all: 27% would have to borrow or sell something to cover the expense.) Questions: Are you surprised by this number? Why or why not? What are some emergency expenses that could amount to $400?