English, asked by DiptiBhardwaj, 9 months ago

How did such a crisis come________?

2 points

about

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Answers

Answered by Anonymous
1

: “It’s true that we’ve had a decade of debt deleveraging and strong job growth. On average, debt burdens and financial obligations have fallen to relatively low levels. That positions the median household well to deal with the coronavirus shock. But households differ, and averages don’t reveal the poor financial position of many households going into this crisis. Federal Reserve statistics show that a large share of Americans couldn’t come up with $400 to deal with an emergency. Many households have little savings and a lot of debt and are very poorly positioned to deal with the impact of job loss and increases in health care expenditures.”

Answered by swapnilsarje17
0

Answer:

out

i bope it helpful for you!

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