In January 2020, about one-in-four Americans were financially fragile. Financial fragility is the inability to cope with a mid-size shock in a short period of time. It is a self-assessed measure of capacity to deal with financial shocks, regardless of whether the source of funds is the respondent’s own assets, capacity to borrow, a network of family and friends, or something else.
Click here to see the March 2020 version of this fact sheet.