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January 18, 2018: 2:23 AM ET

If you were hit with a $1,000 emergency, would you be able to cover it?

For the majority of Americans, the answer is no. Only 39% of Americans say they would be able to pay for a $1,000 unplanned expense, according to new report from Bankrate.

Unexpected bills aren't uncommon. More than one-third of households had a major unplanned expense last year, the survey showed, with half of those costing at least $2,500.