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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
CHESTERFIELD COUNTY, S.C. — The body of an 11-month-old girl whose disappearance prompted an Amber Alert has been found dead in a diaper box, her mother is reportedly in custody. According to WBTV, the mother, 19-year-old Breanna Lewis, had initially told officials that she was walking to her mailbox carrying her daughter when a man violently stole the baby out of her arms. The baby, Harlee Lane Lewis, was found dead a few hours later.Chesterfield County Sheriff Jay Brooks told The Associated Press on Tuesday that the body was found inside a diaper box in a field about 1,000 yards behind a home in Chesterfield, South Carolina.Brooks says the Amber Alert was canceled “because we don’t think there was a kidnapping.” The mother was then taken into custody and is being questioned, along with other family members, according to WCIV. The mother has been charged with filing a false police report, according to WSOC. Additional charges are pending following the autopsy report.The Chesterfield County Sheriff's Office, the FBI and SLED are investigating the case. 1106

CARMEL VALLEY (KGTV) - A man threatened to shoot a clerk at the Everbowl in Carmel Valley and ran away with cash on Saturday night, San Diego Police said.According to police, an armed man entered the restaurant shortly before 6 p.m. and demanded cash. The clerk gave him an unknown amount of money, and the suspect ran away.The suspect was last seen running through the parking lot. He is described as a white man, 30 to 40 years old, about 5' 11" tall with a medium build. He was unshaven and wearing a blue hooded jacket, dark beanie and jeans.Anyone with information is asked to call San Diego Police. 617
CARLSBAD, Calif. (KGTV) - On Thursday, police reform activists gathered outside the Carlsbad Police Department to publicly discuss their recent meeting with police over last month's controversial arrest and Taser incident with Marcel Cox-Harshaw, an African American man."We're satisfied with the fact that they met us but we're not overall satisfied until we see results," said Yusef Miller with the North County Civil Liberties Coalition.Sheila Kenny with Indivisible49 told reporters, "Citizens of North County want to express their concerns about the possibility of future incidents reoccurring if the police department does not make some changes."RELATED: Activists to demand changes within Carlsbad Police Department after controversial arrestRobert Jenkins with the North County NAACP added, "We feel in this time of heightened police brutality and racial injustices among people of color, specifically African American men, that racial bias training should be more frequent."Witness video shows officers using a Taser on Harshaw and pressing his head into the pavement. Police body cam video shows officers meeting medics who were called out to a report of a man face down on the sidewalk.Police described him as refusing their commands and being combative, so they say that they used a Taser to subdue him before sending him to the hospital.RELATED: Carlsbad police release body camera footage amid public concerns over officer misconductActivists argued that police should have done more to de-escalate the encounter.“They invited us to help look at their de-escalation policies and engagement policies to see if there are places where we can tweak,” said Miller.Activists said they're also working with the department to create public forums on police conduct and form a Citizens Review Board.After Harshaw's arrest, police reported that a number of factors were considered by officers to use force, including the threat that they said Harshaw had posed to medics.Carlsbad Police Department sent ABC 10News the following statement on Thursday: 2062
CHICAGO, Ill. – Chicago’s police commissioner says more than 100 people were arrested following a night of looting and unrest that left 13 officers injured and caused damage in the city’s upscale Magnificent Mile shopping district and other parts of the city.Police Superintendent David Brown says it “was not an organized protest” but instead “an incident of pure criminality” that began following the shooting of a person by police the previous day in the city's Englewood neighborhood.It wasn’t immediately clear what led to the unrest, which began shortly after midnight, but anti-police graffiti was seen in the area.At one point early Monday, shots were fired at police and officers returned fire.Many of the businesses that were ransacked had recently opened after Chicago protests of George Floyd’s May 25 death in Minneapolis devolved into chaos.Brown says a heavy police presence is expected in the downtown area until further notice.Mayor Lori Lightfoot described it as “straight up, felony criminal conduct” and “an assault on our city." 1057
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