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: