Commentary: A plethora of articles across all mediums attests to Americans lack of retirement savings. Articles about Americans lack of financial health and the impacts of the resulting stress have become nearly as prevalent.
Of 5,896 respondents polled for the Federal Reserve Systems Report on the Economic Well-Being of U.S. Households in 2014, approximately 47% reported that they wouldnt be able to cover an emergency $400 expense without selling something or borrowing money. This result, according to the authors, shows many Americans are ill-prepared for a financial disruption.
