Most Americans don't have enough assets to withstand 3 months without income

3 years ago
Anonymous $qOHwDUKgAF

https://www.sciencedaily.com/releases/2020/08/200806203656.htm

The study compared asset poverty rates in the U.S. and Canada. Canada's asset poverty rate has improved over the past 20 years while the U.S. rate has worsened, but still, 62% of low- to moderate-income Canadians also fall below the asset poverty threshold.

The implications of these findings have become starkly apparent during the COVID-19 pandemic, said David Rothwell, lead author on the study and an associate professor in OSU's College of Public Health and Human Sciences.