Even before the pandemic, 40% of Americans could not absorb a $400 unexpected expenditure. There is no way in the world that that $400 is not gone by now. 40% of all Americans. Let me repeat that. 40% of all Americans.

Do we know the reasons why those 40% couldn't absorb an unexpected expenditure of $400? I know a lot of people will say it's all from being paid too little, but I'm going to go out on a limb and say that a lot of it has to do with poor financial decisions and spending too much.