Many people do not have $1,000 saved for an emergency.
by BeyondThePurchase.Org on Sep 6, 2013 | Views: 281 | Score: 0
| Take the money out of my checking or savings account. | 331 |
|---|---|
| I would borrow the money from friends or family. | 67 |
| I would take out a loan. | 30 |
| I would get a cash advance on my credit card. | 39 |
| I would sell or pawn some assets. | 22 |
| I would disregard some other month expense. | 56 |
Sources:
money.cnn.com
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BeyondThePurchase.Org conducted a national survey and asked people "If you needed $1,000 for an unplanned expense, what would you do to obtain the money?" As the graph shows, only 60.7% of people have $1,000 saved for an emergency. This percent is very close to a recent study conducted by the National Foundation for Credit Counseling (see link below).