Can you cover an unexpected $400 expense? The report shows hardship continues for people working to repay college loans, cover emergency expenses and manage retirement savings. "The finding that four-in-ten adults couldn't cover an unexpected $400 expense without selling something or borrowing money is troubling," said Greg McBride, chief financial analyst at Bankrate.com. He's also concerned about another finding in the report: fewer than 40% of adults think their retirement savings are on track. Related: How to save for retirement without a 401(k)More concerning are the 25% of Americans with no retirement savings whatsoever, according to the report.

Source: CNN May 22, 2018 20:37 UTC