Question

1. Are you surprised by this number? Why or why not?

2. What are some emergency expenses that could amount to $400?

3. How do you think the 33% cover this emergency cost if they don’t have money saved to cover it?

4. What is more important to your decision to save money: the interest rate you earn on your savings or the interest rate you pay on borrowing?

5. How do you think we (as a country) could increase the number of people that can handle a $400 emergency expense?

Answer 1

Answer:

1. No. With all the people who dont have jobs, are homeless, moneyless, or overdue, no I am not surprised.

2. Surgery, severe accidents, cancer costs, bone fractures x-ray, bone fracture repairs, bone replacements.

3. borrow it, take out a loan and pay it with intrest.

4. the intrest rate you pay on borrowing, because the greater the intrest on it the more I have to pay!

5. I dont know?

Explanation:

no explanation!

hope this helps!! :)