Study Finds That Half of Americans Would Struggle to Come Up with $2,000 in 30 Days
Could you come up with $2,000 within 30 days?Let’s say that your car is giving you some problems, so you decide to take it into the shop. Your mechanic calls you with the bad news - the car is in dire need of repairs, and the work is expected to cost $2,000.
You need your car for work, so getting the repairs done isn’t even an option - you have to spend the money.
The question is - if you found yourself in this situation, could you come up with $2,000 within 30 days? This could include hitting up your relatives for a loan or using your credit cards.
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According to a new study done by the National Bureau of Economic Research (via Money.cnn.com), roughly half of those surveyed said that they would probably not be able to come up with $2,000 within 30 days.
To be exact, 28% of those surveyed were certain that they wouldn’t be able to come up with this money, with 22% said that they would probably not be able to come up with the $2,000.
According to the survey, just 25% of people said that they would have no problem coming up with the money.
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With high unemployment, high energy costs and high gas prices, it’s no wonder that many Americans would struggle to come up with $2,000 in 30 days.
But nearly half of Americans? That’s a pretty scary number that just illustrates the precarious situation that many American families currently find themselves in.
Source: National Bureau of Economic Research
Source: Money.cnn.com - Many Don’t Have $2,000 for a Rainy Day
Filed under: General Knowledge
