Financially fragile:
Could you come up with $2,000 cash within 30 days and if so how would you do it?
These articles drawn from the recent USA National Bureau of Economic Research: Financially Fragile Households are very disturbing but how many Australian households would fare any better?
Read more:
http://moneyland.time.com/2011/06/01/nearly-half-of-americans-would-struggle-to-come-up-with-2k-in-30-days/#ixzz1d158FjEt and
http://articles.businessinsider.com/2011-05-23/news/29964951_1_nber-payday-loans-middle-class
Individuals, and nuclear families, are particularly vulnerable to hot water service failure, time off work without sick pay, medical or dental emergencies, or any number of other sudden requirements for a lump sum of cash money.
So how would you suddenly find $2,000?
Would you actually have the $2,000 in cash (savings) or would you be using a credit card, line of credit, borrowing from your Mum etc?
Cheers
Could you come up with $2,000 cash within 30 days and if so how would you do it?
These articles drawn from the recent USA National Bureau of Economic Research: Financially Fragile Households are very disturbing but how many Australian households would fare any better?
Read more:
http://moneyland.time.com/2011/06/01/nearly-half-of-americans-would-struggle-to-come-up-with-2k-in-30-days/#ixzz1d158FjEt and
http://articles.businessinsider.com/2011-05-23/news/29964951_1_nber-payday-loans-middle-class
Individuals, and nuclear families, are particularly vulnerable to hot water service failure, time off work without sick pay, medical or dental emergencies, or any number of other sudden requirements for a lump sum of cash money.
So how would you suddenly find $2,000?
Would you actually have the $2,000 in cash (savings) or would you be using a credit card, line of credit, borrowing from your Mum etc?
Cheers