A recent study from the Federal Reserve concluded that 6 in 10 households do not have enough liquid assets to cover three months’ worth of expenses.
The median middle-class family has liquid assets of just $4k. Is that enough to survive income shocks caused by #COVID19? & explore the issue
The median middle-class family has liquid assets of just $4k. Is that enough to survive income shocks caused by #COVID19? & explore the issue
The middle class doesn't have much by way of liquid assets to ride out COVID-19, show
. and I outline the liquidity crunch facing the middle class. Median middle-class family has $4,000 in liquid assets. As the economic shock from #COVID2019 continues, families will be forced to draw down their limited savings. Via
The #wealthgap isn't just a matter of fairness, but who can survive income shocks like those caused by the #COVID19 economic crisis. More from & : via
The middle class is not ready for the looming recession by &
"Hopefully, actions by policymakers will provide sufficient cash to middle-class families to weather this economic storm over the coming months. But depending on how long the recession lasts, more may be needed". via