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A comment on Price shocks in formative years scar consumption for life. Parent comment
It apparently comes from a survey [52] which says:
"53% could manage an unforeseen expense of $500 without worry"
What that actually means isn't directly stated - but people read it as "half of Americans can't afford $500" which isn't what it's stating.
https://www.personalcapital.com/assets/public/src/2022-Wealt...
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It apparently comes from a survey [52] which says:
"53% could manage an unforeseen expense of $500 without worry"
What that actually means isn't directly stated - but people read it as "half of Americans can't afford $500" which isn't what it's stating.
https://www.personalcapital.com/assets/public/src/2022-Wealt...