Emerson Costa Email and Phone Number

Access to money is a huge problem for many Americans. A 2020 survey by the American Payroll Association found that nearly 69 percent of Americans would experience financial hardship if their paychecks were delayed by even a week. Another 2020 survey, this one by the National Endowment for Financial Education, which measures financial health during the pandemic, revealed that 46 percent of Americans list the ability to pay bills among their top financial stressor. The Federal Reserve annually gauges the percentage of Americans who would not be able to cover an unexpected $400 expense like a car repair. That percentage rose from 62 percent in 2013 to 70 percent in 2016 to 75 percent in 2020.