A quarter of U.S. citizens would resort to using credit cards when faced with a $1,000 emergency expense, even as credit card interest rates are elevated amid decades-high inflation. When asked how they would pay for a $1,000 emergency, 25 percent of respondents to a Feb. 23 survey by Bankrate replied they would finance the…
Quarter of Americans Would Use Credit Cards for $1,000 Emergency: Poll
February 25, 2023
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How to Prepare for Your Next Emergency
When a power outage knocked out electricity to a multistate region in 2003, Gabriella Barthlow, a financial coach in the Detroit area, was prepared. She had enough money on hand to buy food for herself and her two young children, plus put gas in her car in case they needed to leave home. “I was…
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