LendingClub: The Reality Behind the $400 Emergency Expense Number
![Screen-Shot-2022-11-04-at-4.55.52-PM-1110x453](http://images.ctfassets.net/orqped9h4wgz/6tPsNjneNqFZ2I5ogSAT53/f8aa3304f2345780f161168ad71e1a42/Screen-Shot-2022-11-04-at-4.55.52-PM-1110x453.png)
We recently hosted our quarterly webinar, where Anuj Nayar, LendingClub’s Financial Health Officer, had an insightful discussion on:
Why the Fed’s $400 emergency expense number is outdated
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
![blog header stackit 765x430 v1-1](http://images.ctfassets.net/orqped9h4wgz/4kV0P8ZQKbNbClld8SvbZn/f08bc67ba536d72cb5954589ae906eb2/blog_header_stackit_765x430_v1-1.jpg)
![Man in blue button up shirt and glasses smiling](http://images.ctfassets.net/orqped9h4wgz/5fTH6ZRJzFrsIvsqMfB9EP/7f69faf6e7f87a55c890e1fc042ad7f4/scott-sanborn-1.jpeg)