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May 31, 2016

Most are doing better but 31% ‘struggling to get by'

  • In a survey by the Fed, 46 percent said they would have difficulty covering an emergency bill of $400.

    • WASHINGTON (AP) — Most American households say their finances have strengthened slightly, but nearly half report that they would struggle to meet $400 in expenses from an unexpected emergency, according to the Federal Reserve's annual survey on economic well-being.

    The latest Fed survey, conducted in October and November, found that 69 percent of those responding reported that they were either “living comfortably” or “doing ok.” That's up from 65 percent in the 2014 survey and 62 percent in 2013.


     
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