Day: May 24, 2019

Nearly 40% of Americans can’t cover a surprise $400 expense

Source: Alain Sherter / CBS News Although unemployment in the U.S. is at its lowest level since 1969, roughly 4 in 10 Americans would struggle covering a $400 emergency expense, Federal Reserve data show. 17% of U.S. adults are unable to pay all of their bills in full every month, according to the Fed data. A quarter of Americans skipped necessary medical care in 2018 because they couldn’t afford the cost. Nearly 40 percent of