Americans unprepared for financial disaster
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The Takeaway
Photo of credit cards (Image by Wikimedia user Lotus Head (cc:by-sa))
Too many Americans have already maxed out their credit cards and couldn't get a loan, even in the case of financial emergency.
One half of all Americans are not prepared for financial disaster. A survey from the National Bureau of Economic Research found that half of all Americans couldn't come up with $2,000 in cash in 30 days. Beth Kobliner discusses the results.
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