The Federal Reserve released new data from 2018 on Thursday that shows 40% of Americans would struggle to handle a $400 emergency charge.

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.

Go deeper: See the most distressed communities in America

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How Trump's push to reopen schools could backfire

Illustration: Aïda Amer/Axios

The Trump administration’s full-steam-ahead push to fully reopen schools this fall is on a collision course with the U.S.' skyrocketing coronavirus caseload and its decades-long neglect of public education.

Why it matters: Getting kids back to school is of paramount importance for children and families, especially low-income ones. But the administration isn’t doing much to make this safer or more feasible.

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Illustration: Eniola Odetunde/Axios

As the coronavirus poses risks and concerns for the youngest and oldest Americans, the generations in the middle are buckling under the increasing strain of having to take care of both.

Why it matters: People that make up the so-called sandwich generations are typically in their 30s, 40s and 50s, and in their prime working years. The increasing family and financial pressures on these workers means complications for employers, too.

Why Scranton matters again in 2020

Biden and Clinton visit Biden's childhood home in Scranton in 2016. Photo: Melina Mara/The Washington Post via Getty Images

The hometown of Joe Biden and "The Office" is polishing its perennial status as a guidepost for the nation's political mood.

Driving the news: Biden returns to Scranton, Pa., today with a campaign stop just outside the city limits at a metalworking plant, where he'll deliver remarks on a plan to create jobs and "help America build back better."