A new survey
by the Federal Reserve finds that almost half (46%) of Americans last year reported
that an unexpected expense of $400 would be a challenge and they would have to
put off the bill, borrow from family or friends or sell something to pay it.
Many who experienced a financial hardship, especially low-income Americans,
used credit cards, payday loans, loans against tax refunds, pawn shops or auto
title loans to pay bills. The same survey found that 36% of Americans had a
health emergency expense in the last year. 2014
data finds that three out of four Connecticut workers with employer
coverage had a deductible, averaging $1,547 for individuals and $3,080 for
families.
