Half of All American Families Are Staring at Financial Catastrophe

And they’re turning to payday loans and other lenders of last resort when crises occur.

Kriston Capps

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.