One-third of American families couldn’t cover a $2,000 emergency before the pandemic

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One-third of American families couldn’t cover a $2,000 emergency before the pandemic
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One-third of American families couldn't handle an unexpected $2,000 expense before the pandemic, a report finds. Here's what experts suggest.

Vulnerable groups may recover from economic downturns more slowly, and the report proposes four ways to address these shortfalls: boosting income, reducing debt, expanding risk protection and increasing financial literacy.

"Research has shown student loans delay home buying, planning for a marriage or starting a family," Streeter said.

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