Lower income Americans often live paycheck to paycheck and lack access to quick cash or credit in an emergency.
That can mean not paying the rent or going without meals or waiting for the next paycheck with only a few dollars left in the wallet. It’s a stressful and not that uncommon a predicament.
According to the Federal Reserve, more than one out of every ten American adults cannot cover even a $400 expense by cash or credit. Nearly 30% of Americans are unbanked or underbanked.
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