More than six in 10 Americans would struggle with an unexpected, emergency financial matter, as opposed to drawing from resources saved for "a rainy day."
Wall Street Journal staffer Eric Morath taps into data from a Bankrate survey on how Americans handle unexpected costs, an annual initiative. What's concerning is that even as jobs, job security, and wages have been gradually improving, practically the same number this year as last would be unprepared for a sudden emergent expense. Morath writes:
The data suggests that many households are still on uncertain financial footing more than six years after the recession ended.