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Take Two

Have $400 to spare? Federal Reserve Board survey finds most Americans don't

By Take Two Staff
Published Apr 25, 2016
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.
(
Steven Puetzer/Getty Images
)

Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.

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Have $400 to spare? Federal Reserve Board survey finds most Americans don't

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.