For some months now, I've been hearing numerous people portentously quote a study to claim 40% of Americans couldn't come up with the cash for a $400 emergency. The actual question was what method you would use, not whether you could. https://austrian.economicblogs.org/c...gency-expense/
Looking at the responses seems to me to illustrate a much less dire situation. Where are the legions of fact-checkers in all this? Is the scarier version simply more congenial to the narrative many political and media people are eager to sell? Can a bogus meme "travel halfway round the world before the truth can get it's pants on"?