If you want to see how completely disconnected Hillary Clinton is from the “everyday Americans” she claims to represent, you need to look no further than her recent campaign invitation to a Boston fundraiser where attendees are asked to shell out $2,700 per person for a “ticket.”
It was only just yesterday that I highlighted a recent Federal Reserve study that showed that 47% of Americans couldn’t handle an unexpected expense of $400. In the post, Use of Alternative Financial Services, Such as Payday Loans, Continues to Increase Despite the “Recovery,” we learned that:
The most frightening finding in the Federal Reserve’s Report on the Economic Well-Being of U.S. Households in 2014 concerns a matter of $400. Four-hundred bucks. Twenty twenties. Four Benjamins.
Or just enough to crush half of all American households.
“Forty-seven percent of respondents say they either could not cover an emergency expense costing $400, or would cover it by selling something or borrowing money,” reads this year’s annual report.
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