When the Federal Reserve issues its annual "Economic Well-Being of U.S. Households” report it always measures how many households have enough cash on hand to meet an emergency $400 expense. But these days, very few emergency expenses cost just $400.
When the Federal Reserve issues its annual "Economic Well-Being of U.S. Households” report it always measures how many households have enough cash on hand to meet an emergency $400 expense. But these days, very few emergency expenses cost just $400.