How much of the U.S. population is financially vulnerable? That is, how many are walking the razor’s edge of solvency, and how many are on their second chance after a shock to their financial stability — such as job loss, work-related injury or a divorce that removed an income stream?
More than you’d think, said Karen Webster. It’s a full 40 percent, according to a recent survey by PYMNTS. That’s tens of millions of people with limited or no access to credit, either because they don’t want to get it or because they can’t get it — and many of them are unbanked, as well.