For the story, Center Senior Economist William R. Emmons gives his perspective on the state of American household finances. The article highlights a survey from the Federal Reserve Board that shows 47 percent of respondents would have a difficult time finding $400 to pay for an emergency.
The latest issue of In the Balance introduces "The Quarterly Debt Monitor," which focuses on consumer debt and delinquencies.
Ray Boshara served on a panel dedicated to discussing household money matters on the PBS St. Louis show, "Stay Tuned."
View a visual representation of a person's probability of becoming a millionaire.