He should have clarified what he means by decimated, but in some ways the word choice is suited:
47 per cent of Americans can't raise $2000 in 30 days without selling an asset...with nearly one quarter of $100k-$150k households reporting they wouldn't be able to find $2000...Only the final one-fourth said they definitely could find a way to make the payment: http://www.huffingtonpost.com/2011/03/17/could-you-come-up-w...
47 per cent of Americans can't raise $2000 in 30 days without selling an asset...with nearly one quarter of $100k-$150k households reporting they wouldn't be able to find $2000...Only the final one-fourth said they definitely could find a way to make the payment: http://www.huffingtonpost.com/2011/03/17/could-you-come-up-w...
The statistics cited are from the Brookings Institute: http://www.brookings.edu/~/media/Files/Programs/ES/BPEA/2011...