MarketWatch – May
Fed survey reports that 44% of Americans don’t have $400 for a major emergency, and the median out-of-pocket cost for an unexpected, major medical expense was $1,000. Read the full article here.
Expense Volatility and Major Medical Payments – JPMorgan Chase
In this report, the JPMorgan Chase Institute assembled a de-identified data asset of nearly 250,000 Chase customers between 2013 and 2015 in order to study how consumers’ expenses vary over time and how their financial behavior changes when faced with extraordinary payments. Read the full report here.
The 2017 United Way ALICE Report
The updated United Way ALICE Report continues to shine a spotlight on a large population of residents who work, yet have little or no savings, and are one emergency from falling into poverty. The population identified in the report as ALICE (Asset Limited, Income Constrained, Employed) is comprised of people who work, earn more than…