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Podcasts Take Two
Have $400 to spare? Federal Reserve Board survey finds most Americans don't
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Apr 25, 2016
Listen • 6:58
Have $400 to spare? Federal Reserve Board survey finds most Americans don't
The annual Federal Reserve Board survey found almost half of those polled would not be able to cover an added expense of $400 dollars with their own money.
U.S. immigration officials are proposing a new program that would benefit foreign investors who have already invested money in a U.S. startup, and have at least a 15 percent interest in the business.
U.S. immigration officials are proposing a new program that would benefit foreign investors who have already invested money in a U.S. startup, and have at least a 15 percent interest in the business.
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Steven Puetzer/Getty Images
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The annual Federal Reserve Board survey found almost half of those polled would not be able to cover an added expense of $400 dollars with their own money.

There's a financial rule of thumb; always have some money available for a rainy day

Yet half of those polled in a Federal Reserve Board survey said they could not cover a 400 dollar emergency with their own money

In a recent piece for The Atlantic, author Neal Gabler detailed how he is part of that group -- and why people are too embarrassed to talk about this type of financial short-coming.

To hear the full interview, click the blue play button above.