Reported 4 days ago
The 2025 Cash Poor Report from SoLo Funds highlights that cash-poor Americans, particularly Black Americans, incur over $1,800 in unplanned yearly expenses. Medical bills, car repairs, and pet emergencies place financial stress on these individuals. Rodney Williams, co-founder of SoLo Funds, emphasizes the discomfort many feel regarding expense management and suggests enhancing savings by 20% annually. He also recommends understanding credit costs and exploring alternative financial solutions.
Source: YAHOO