Could you survive 6 months without a paycheck? If so, you are lucky. The vast majority of Americans are living paycheck to paycheck—around 76% by last estimate. Two-thirds of people would struggle to cover $1,000 crisis. And as you can tell from these numbers, it’s not just the poor who are struggling. It’s middle and upper-middle class families who are struggling, too. According to another survey one-third of high income earners continue to live on what they earn.
But, life happens. Disaster seems to strike when you’re least expecting it. A seemingly-stable life can be turned upside down in as little as a few seconds.
When families are fighting to stay afloat, they need options. Modest savings, selling big-ticket items—that can only get you so far. Consumer legal funding is a necessary option for people who have been involved in an accident and are trying to heal physically and financially. It can help them hold on until a fair insurance claim comes through, and is a safe way to move forward.
If you are one of millions of Americans who couldn’t survive 6 months without a paycheck, it could happen to you. Wouldn’t you want options?