of American adults say they could not cover an emergency expense costing $400, or would cover it by selling something or borrowing money1
Americans experience month-to-month income swings of more than 30%2
2014-2015 was the
first annual increase
in income since 20073
Non-prime4
Credit invisibles5
Total reduction in non-prime credit from banks since 20086
1Board of Governors of the Federal Reserve System, Report on the Economic Well-Being of U.S. Households in 2015, 2016
2J.P. Morgan Chase & Co., Paychecks, Paydays and the Online Platform Economy, 2016
3U.S. Census Bureau, Income and Poverty in the
United States: 2015, 2016
4According to an analysis of TransUnion data through the third quarter of 2014 by the Corporation for Enterprise Development
5FICO, Expanding Credit Opportunities, July 2015
6Elevate analysis, 2015
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