How Are We Doing This Year on the $400 Expense Question?

The Washington Post gets us up to speed on the Fed’s latest report about the wellbeing of American households:

Are Americans benefiting from the strong economy — aside from the rich? A Fed report raises questions.

….Almost four in 10 people (39 percent) said they wouldn’t be able to scrape together the cash to meet a $400 emergency expense.

Just to save everybody some trouble next year, here’s how that question has been answered since the Fed started asking it:

So the answer is: yes, the non-rich have benefited from the strong economy. That’s not the problem. The problem is that they haven’t benefited nearly as much as they should have:

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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