MENU

LendingClub: The Reality Behind the $400 Emergency Expense Number

November 4, 2022
LendingClub: The Reality Behind the $400 Emergency Expense Number

We recently hosted our quarterly webinar, where Anuj Nayar, LendingClub’s Financial Health Officer, had an insightful discussion on:  

  1. Why the Fed’s $400 emergency expense number is outdated  
  2. A look into the latest data showing what the actual average cost of an emergency expense is today  

When was the last time you had an emergency expense that was $400? With inflation gouging consumer savings, fewer individuals are prepared for an emergency expense. So why is the Fed still using $400 as a benchmark for evaluating financial well-being when our economy has completely turned on its head?

Check out the video below to learn more.  

You May Also Like

Members Earn More Cash Back and Rewards With Stackit
News

Members Earn More Cash Back and Rewards With Stackit

Stackit automatically finds and rewards eligible members with coupons and cash back for extra savings at more than 15,000 favorite online retailers.

Read More
LendingClub: Navigating Today’s Rapidly Evolving Macroeconomic Environment as the Leading Digital Marketplace Bank    
News

LendingClub: Navigating Today’s Rapidly Evolving Macroeconomic Environment as the Leading Digital Marketplace Bank   

2021 was a strong year for neobanks and fintech, with deals and funding reaching record highs across the space and many companies experiencing record growth at breakneck speed.

Read More
LendingClub Celebrates 4 Million (And Counting) Members Served
News

LendingClub Celebrates 4 Million (And Counting) Members Served

We hosted our quarterly webinar to celebrate LendingClub surpassing 4 million members.

Read More

How much do you need?

$
Enter up to $40,000
Change Your Money, Change Your Life
Join our monthly newsletter for tools, tips, and insights to improve your financial health.