Former Chase Chief Economist Anthony Chan on the state of the U.S. economy.
Even as the U.S. economy strengthens, many Americans are having a hard time saving – even for unexpected emergencies.
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The Federal Reserve Board released its Report on the Economic Well-Being of U.S. Households on Thursday, finding that only 61 percent of Americans could cover an unexpected $400 expense with cash, savings or a credit card paid off at the next statement. The Fed noted that the figure is a modest improvement over its findings from the year prior. [Read More]
Published @ May 23, 2019