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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
CAMP PENDLETON, Calif., (KGTV)-- Thousands of US Marines stormed a makeshift town today as part of the largest amphibious exercise in Camp Pendleton's history. With their guns drawn and light on their feet, the Marines at Camp Pendleton have one objective: secure the Red Beach Combat Town. The town is a collection of makeshift structures off Las Pulgas Road just west of Interstate 5.The scenario was this: The soldiers are fighting the enemy from a near-pier threat. The Marines got battle-ready at sea, aboard the USS Somerset and USS Macon Island, thanks to their special partnership with the US Navy. "We spend a lot of time on ship, a lot of time coordinating with the sailors themselves inside the welded deck inside the ship," Amphibious Assault [AAV] Section Leader, Sgt. Kenneth Larkin said. "Being able to rely on each other for the safety of our vehicles and our members, it's phenomenal."From ship to shore, the men and women arrive on their AAV. They creep onto shore at seven mph, then book it on land. The crew drops off the infantry, ant the combat simulation begins. This scenario kicks off this year's Steel Knight Exercise. With 13,000 Marines and sailors participating, it is the largest iteration of the Steel Knight Exercise at Camp Pendleton."The Marine Corps prides itself on being amphibious, so this is one of those exercises where the division gets involved. The entire division of Camp Pendleton," Infantry Platoon Sgt. Ethan Rhoades said. "It basically hones our skills to actually go from ship to shore and to seize an objective likely would in a real-time conflict."For two weeks straight, the men and women will repeat the aerial and amphibious exercises. Tough training in the elements will prepare them for real-life scenarios. "Just know that America's sons and daughters are working hard in the First Marine Division to prepare to win this nation's battles," 1st Marine Division Spokesperson, Lt. Cameron Edinburgh said. "This what we're trained to do. And get it done no matter what happens," Sgt. Rhoades said. 2061

Can you spot a fake?Some US Customs and Border Protection officers did -- in September, they intercepted a shipment of over over 9,000 counterfeit Nike sneakers in New York, the agency said in a news release.The shipment of shoes had come from China and was headed to California, when CBP officers inspected it at the Port of New York/Newark.They thought something looked off about the shoes, and submitted images to the CBP's Apparel Footwear and Textiles Center for Excellence and Expertise, the agency's trade experts.On Thursday, the agency concluded the shoes were counterfeit and seized them. Real versions of the sneakers would have been worth nearly .7 million, according to CBP."This significant seizure of counterfeit Nike sneakers illustrates Customs and Border Protection's continued commitment to protecting the American consumer against the proliferation of substandard and potentially unsafe counterfeit consumer goods," stated Troy Miller, Director of CBP's New York Field Office, said in a statement Tuesday.On a typical day in 2017, CBP seized .3 million worth of products with Intellectual Property Rights violations in a day, according to the agency."Enforcing Intellectual Property Rights laws is a CBP priority trade mission," said Miller. "We will continue to work closely with our trade and law enforcement partners to identify and seize counterfeit merchandise that could potentially harm US consumers and businesses." 1460
Charges have been dropped against the man accused of criminal homicide in the Opry Mills shooting.Chaos ensued when 22-year-old Justin Golson?shot at?22-year-old?Demarco Churchwell, who was taken to Skyline Medical Center in critical condition where he later died.Immediately after the shooting, Golson ran from the mall to a ticketing booth outside, placed his gun on the counter, and told the people inside to call 911. He told detectives he acted in self-defense after being threatened over social media by the victim and his friends.The mall was evacuated as police secured the area and investigated the incident.Court records show Golson's charge of criminal homicide was dismissed on Monday, July 30. 729
By now, most people know Hillary Clinton's big campaign mistake of 2016. The former Democratic nominee failed to hold a single campaign event in Wisconsin in the months prior to Election Day. President Donald Trump would go on to win the state. While Wisconsin was not expected to be a major swing state in 2016, that certainly has changed in 2020TRUMP SET TO RETURNPresident Donald Trump is set to return to the state on Thursday. He'll hold an official visit to the Fincantieri Marinette Marine shipyard in Marinette where he will discuss recent deals to build ships for the Navy. The president will also participate in a campaign event with Fox News in a town hall hosted by Sean Hannity. Trump's visit follows a campaign stop by Vice President Mike Pence on Wednesday, as part of his "Faith in America" tour.BIDEN CAMPAIGN EFFORTUnlike Clinton's 2016 effort, Joe Biden is expected to engage supporters in Wisconsin throughout the next five months. While Biden hasn't held official public events in Wisconsin since the pandemic began, he has granted interview opportunities to local television stations, like TMJ4 in Milwaukee. WHY WI IS IMPORTANTWhile every swing state to some degree could decide the election, in Wisconsin, that could actually be the case. If Trump wins the swing states of Arizona, Florida and North Carolina and Biden wins the swing states of Michigan and Pennsylvania, it would come down to Wisconsin. 1436
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