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Can you cover an unexpected 0 expense?Four in ten Americans can't, according to a new report from the Federal Reserve Board. Those who don't have the cash on hand say they'd have to cover it by borrowing or selling something.The bright side? That's an improvement from half of adults being unable to cover such an expense in 2013. The number has been ticking down each year since.Overall, the financial situation of American households has improved during the past five years, according to the Economic Well-Being of U.S. Households report. It shows that in 2017, 74% of adults reported feeling at least "okay" financially, an increase of 10 percentage points from the first survey four years earlier."This year's survey finds that rising levels of employment are translating into improved financial conditions for many but not all Americans," Federal Reserve Board Governor Lael Brainard said in a press release, "with one-third now reporting they are living comfortably and another 40% reporting they are doing okay financially."Still, many are struggling. Notable differences remain across race, ethnicity, education levels and geography. The report shows hardship continues for people working to repay college loans, cover emergency expenses and manage retirement savings.For the first time the report also looked at the opioid epidemic, reporting that one out of five adults personally knows someone with an addiction to painkillers. Exposure does not vary much by education level or by local economic conditions.The study was drawn from the Board's fifth annual Survey of Household Economics and Decisionmaking, which looks at the economic health of Americans. The survey of 12,000 people examined their income, employment, unexpected expenses, banking and credit, housing, education, and retirement planning in November and December 2017.While showing that Americans' financial lives are moving in a positive direction, the report does raise some concerns about their most basic levels of financial stability: emergency funds and retirement."The finding that four-in-ten adults couldn't cover an unexpected 0 expense without selling something or borrowing money is troubling," said Greg McBride, chief financial analyst at Bankrate.com. "Nothing is more fundamental to achieving financial stability than having savings that can be drawn upon when the unexpected occurs."McBride suggests setting up automatic direct deposits from a paycheck to a savings account that can build some much-needed financial cushion.He's also concerned about another finding in the report: fewer than 40% of adults think their retirement savings are on track."The burden is on us as individuals to save for our retirement," he says. "Take control of your financial destiny by contributing to an employer-sponsored retirement plan such as a 401(k) via payroll deduction, or arrange automatic monthly transfers from your bank account into an IRA."More concerning are the 25% of Americans with no retirement savings whatsoever, according to the report.Some of this may be due to the lack of employer-sponsored retirement plans, as well as people piecing together several part-time jobs, which may not offer benefits.The report found that while most workers are satisfied with the wages and benefits from their current job and are optimistic about their future job opportunities, challenges remain, particularly with irregular job schedules. 3451
CHARLOTTESVILLE, Va. (AP and KGTV) — Dozens of activists gathered Sunday morning in Charlottesville City Park to protest racism and observe the one-year anniversary of a deadly rally. The Rev. Seth Wispelwey is a founder of a group of clergy and lay people called "Congregate C-ville" last year. The group came together in direct response to white nationalists who gathered in Charlottesville for a "Unite the Right" rally on Aug. 12, 2017.That day, white supremacists clashed in the city before a car was driven into a crowd, striking and killing 32-year-old Heather Heyer. Photos of the day show violence erupting in the streets as groups clashed, launching pepper spray and punches at one another. PHOTOSFILE: Rally turns deadly in CharlottesvilleProtesters gather on one year anniversary of deadly Charlottesville rallyWispelway says the city's residents are still reeling from the violence that day, but he expressed hope that the anniversary can be a turning point.One day after tensions grew between police and community activists on the University of Virginia's campus. The city of Charlottesville plans to mark Sunday's anniversary with a rally against racial hatred. RELATED: Suspect in Charlottesville rally killing charged with hate crimesMore than 100 miles away in Washington D.C., an organizer of last year's "Unite the Right" event plans to hold a "white civil rights rally." Police have responded by preparing for counterprotests. Jason Kessler abandoned plans for a similar anniversary event in Charlottesville. His Washington permit application says he expects 100 to 400 people Sunday afternoon in Lafayette Park, near the White House.RELATED: Virginia governor declares state of emergency in Charlottesville on anniversary of deadly ralliesLeading figures of the white nationalist movement said they won't attend or encourage supporters to stay away. Permits have also been issued for counterprotests as police prepare for the worst. Watch video from the scene in the player below: 2045

CAMP PENDLETON, Calif. (KGTV) — Officials Friday identified the Marine killed in a rollover crash this week at Camp Pendleton.Officials identified 1st Lt. Hugh C. McDowell, 24, of Washington D.C., as the Marine killed after a light armored vehicle rolled over Thursday at Camp Pendleton. Six others were also injured in the crash.The crash occurred during regularly scheduled battalion training, officials said. The cause of the crash was still under investigation Friday.RELATED: Marine killed, six others injured in rollover at Camp PendletonMcDowell was a platoon commander assigned to the 1st Light Armored Reconnaissance Battalion, according to officials. He accepted his commission as a Marine Corps officer on May 5, 2017. Through his military career, he had been awarded the National Defense Service Medal and the Global War on Terrorism Service Medal."We recognize that military operations are inherently dangerous and we take extreme precautions to ensure the safety and welfare of our Marines. This is a tragic accident and we are heartbroken at the loss of a member of our Marine Corps family. We will do all we can to comfort the family, friends and colleagues of Lt McDowell," the 1st Marine Division said in a release.The six other Marines injured in the crash were taken to a local hospital with injuries not considered serious. They were in stable condition Friday but have not been identified. 1419
CARLSBAD (KGTV) - Among the businesses saying Trump's trade war is hurting is San Diego born JLab, a booming audio company competing with huge brands.The Silicon Valley-style company in Carlsbad is buzzing as you walk through the large modern rectangular door."This company was four people four years ago, but now we're 40." CEO Win Cramer said they have lived the American Dream, saying they're a scrappy business always fighting to get on top."We worked out of literally, a house, or a rundown office or an apartment building forever," he said. JLab competes against major brands like Bose and Beats.They found a niche and made a name for themselves, "We came out with some fun colorful designs that happened to be on trend."Cramer said innovation is their secret weapon."It gives you the option to really tune out on a plane, you push a button and the engine noise goes away," explaining one of their earbuds.Their newest challenge is Trump's trade war. Billions of dollars in tariffs imposed on China are going into effect, and while all of the design work is done in Carlsbad, 100% of JLab's product is shipped from China.Cramer was sitting on a plane when he saw the alert, "this news pops up on my phone that 0 billion in tariffs announced, I quickly perused the list and saw our tariff code that we import 80% of our products was on the list and I just had this feeling of oh gosh we're going to have to fight this battle that we don't know how to fight."He is bending every ear within reach to spread awareness of how this affects JLab and other American businesses and even went to Washington DC to plead his case.Cramer said no legislators were there, just staffers and no electronic devices were allowed into the room. He said there is a written record of what was said."It was the largest hearing in US history which in it of itself should tell you something and how folks are, at least businesses like us are taking this pretty serious," he said.Production costs could increase by 25% and with the holiday season upon us, he's running out of options, "layoffs or pay cuts being the last option, certainly not something that I want to do or think about or consider, but it's something we're being forced to consider."He hopes change is swift and those in power hear his plea.He said the company will find out in mid-September how big the changes will be, and will see impacts as early as October. Cramer added a lot of the burden will fall on the customer, as they will have to raise the products' price.JLab employs 30 people in San Diego. 2630
Camp Kangaroo is designed for students, inspiring and elevating children out of grief and propelling them forward.One of the campers is a sixth-grader, named Gunnar. He lost his father in 2015."He was going to his NA meeting, he was always going to help other people even though my dad hadn't drank or smoked for two years," he said on his way home, his father crashed head on with a school bus.Gunnar then moved in with his mom, who turned to drugs after his brother died in 2011."My mom didn't really care about me and I feel like she didn't love me. So my dad, he tried his best to take care of me. Once I lost him, he was my whole world, so that was like losing my whole world," Gunnar said.Gunnar fell into an unsafe life, feeling lost and unloved. He said he became ill, unable to speak, and his mom wouldn't take him to the hospital, saying he "was faking it." He said his sister nursed him back to health and credits her for him being here today.A therapist gave him a permanent way out."She told me about Camp Kangaroo and at first I didn't want to go but then she told me about all the activities here all the ways you can learn how to not grieve and I was like okay I'll give it a try. I came here and it was amazing, it was one of the best decisions of my life," he said.His sister said camp gave him his own voice and the courage to tell their mom he was moving out. "When he got back from camp he was able to say for the first time, 'I don't want to be with you, I want to be with them.' He was strong enough to do that because of this camp," sister Jaqueline Avila-Barajas said.This year 70 kids ages 5-17 attended Camp Kangaroo in Julian for free. Corporate sponsors and personal donations fund the camp. They have creative arts-based therapy, with music and sessions. Each child lost someone close to them, and had an in-home assessment before coming to camp to ensure the safety of every kid."They learn that death is a natural part of life, and they're not alone," National Director, Ryana Goldberger, said she hopes each child learns "they're stronger than they know, and put coping skills in their tool box so they can help others."Gunnar echoed these words, "don't ever think it's your fault, it's not, you couldn't have done a single thing to change that and don't ever give up hope. Your loved one would be proud of you right now no matter what situation you're in."The camp is 3-days long, and costs about 0 per child. Other nonprofits like Project Linus help make the kids feel at home while bunking in the mountains, providing things like blankets and t-shirts. The camp brings together children from San Diego, Orange County, San Bernardino and Los Angeles. Camp Kangaroo started in Chicago, and is a nationwide program, according to Goldberger. 2889
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