".....In recent years the US Federal Reserve has reported multiple times that 40% of Americans don’t have the cash to cover just a $400 emergency. Then COVID-19 hit - the lack of savings is now almost twice as bad. A recent poll by the Highland consultancy reveals that a stunning 82% of Americans now do not have the savings for a $500 emergency.

It is a shocking reminder that the wealth in the richest nation in the world is distributed in a shockingly unequal fashion.

For the average American household, $500 is equal to half a month’s housing costs, three weeks of transportation, two weeks of child care for one child and less than a month of food....."

Source:
[url= https://www.presstv.com/Detail/2020/12/18/640984/US--500-Emergency [] https://www.presstv.com/Detail/2020/12/18/640984/US--500-Emergency [/url]