Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
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.