According to a recent report from the JPMorgan Chase Institute, many Americans need more than a year to recover from a $1,500 financial hit.

That’s apparently the approximate amount nearly 40 percent of American families paid to cover what they describe as extraordinary medical, auto repair or tax bills annually — requiring more than a year to recover their financial footing, with potentially serious impact to their physical and emotional health.

…I am sure you have seen many ROs that are $1,500 or more. So, what is that customer to do when faced with an unexpected auto repair bill, if they happen to be one of that 40 percent who simply cannot handle the financial burden?  Read full article here.

From, by Tim Clay