Interest rate limit doesn’t fix poverty

Last month, the Federal Reserve System issued a report on “the economic wellbeing of U.S. households” and it contained a rather disturbing bit of data.
“If faced with an unexpected expense of $400,” a survey of American households found, “61% of adults say they would cover it with cash, savings, or a credit card paid off at the next statement – a modest improvement from the prior year.”
Turning that around, 39% of American adults say they couldn’t