1 in 5 Americans could be out of money by Election Day
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More than 20% of Americans have less than three weeks of financial runway before their account balances hit zero, according to a new report from Credit Karma.
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Based on that timeline, about one in five people could be out of money by Election Day, according to the data compiled by the personal finance company
Credit Karma has been holding weekly surveys in order to get a better picture of Americans' finances since the onset of the pandemic.
NEARLY HALF OF AMERICANS WHO LOST JOB TO PANDEMIC CAN'T LAST A MONTH ON SAVINGS
Earlier this summer, however, the financial picture was different due to government relief efforts, McCreary, chief people officer of Credit Karma, told FOX Business.
"At Credit Karma, we saw a number of indicators demonstrating the success of early economic relief programs," McCreary said.