The big picture: The data shows that financial disparity and financial resilience for people of color are pressing issues. One-third of black and Hispanic Americans don't feel like they are doing "at least OK" financially — more than the 22% of white Americans who feel the same.
By the numbers:
Rural Americans feel slightly less secure financially than urban Americans, at a 29% to 25% difference.
The 61% of Americans who say they could cover a $400 emergency charge would use cash, savings or a credit card paid off by the next statement. Using a credit card is the most common approach for Americans who would have trouble spending $400 to cover an emergency.
21% of Americans with income between $40,000 and $100,000 don't feel they are doing "at least OK" financially.
The silver lining: This latest report indicates that the data on financial resilience is "similar to, or slightly better than" data collected by the Federal Reserve in 2017.
