Nearly half of Americans would have trouble finding $400 to pay for an emergency

[wolfgang]

Hi,
Just wanted to throw this out there to see what others may have to say on the linked Atlantic article.  The writer's premise is as follows:
The Fed asked respondents how they would pay for a $400 emergency. The answer: 47 percent of respondents said that either they would cover the expense by borrowing or selling something, or they would not be able to come up with the $400 at all. Four hundred dollars! Who knew?
Seems like a good chunk of the nation is on the skids and living paycheck to paycheck ! Truly a depressing thought.
Anyway, its here: http://www.theatlantic.com/magazine/archive/2016/05/my-secret-shame/476415/

[plainjane]

There is a thread discussing the article here:

http://forum.mrmoneymustache.com/antimustachian-wall-of-shame-and-comedy/the-secret-shame-of-middle-class-americans/