HALF OF AMERICANS HAVE NO SAVINGS TO FALL BACK ON IF THEY CONTRACT AN ILLNESS LIKE CORONAVIRUS AND [View all]
HALF OF AMERICANS HAVE NO SAVINGS TO FALL BACK ON IF THEY CONTRACT AN ILLNESS LIKE CORONAVIRUS AND CAN'T WORK, SURVEY SAYS
BY MATTHEW IMPELLI at Newsweek
ON 3/4/20 AT 5:19 PM EST
https://www.newsweek.com/half-americans-have-no-savings-fall-back-if-they-contract-illness-like-coronavirus-cant-work-1490584
"SNIP.....
According to a new survey, nearly half of Americans polled stated that they did not have any savings to fall back on in the event that they contracted an illness like the coronavirus and were unable to work.
The survey was conducted by GoBankingRates.com and polled 1,013 Americans, age 18 and up. The survey asked Americans a number of different questions, with one of them being; "if you or an immediate family member were to become unexpectedly sick—due to the coronavirus, for example—how much do you have saved to cover the expenses?"
The coronavirus, officially known as COVID-19, originated in Wuhan, China, but has spread to a number of different countries, infecting over 80,000 people. Despite the widespread outbreak of the virus, nearly half of the survey answers uncover that they have no money stashed away in the event of a health crisis, like COVID-19.
In addition, the survey also found amounts of money that some people have saved. Three out of four people claimed to have $5,000 or less saved while only 10 percent of respondents claimed to have more than $50,000 stowed away.
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