One out of four with education debt also have school-related credit card debt, with a median balance of $3,000. Shedding light on the precarious economic state of many American families, the Federal Reserve said Wednesday that nearly half of U.S. households reported they would have trouble meeting emergency expenses of just $400. These findings were part of the Fed's "Report on the Economic Well-Being of U.S. households in 2015." For example, 31% of adults with at least a bachelor's degree reported greater financial well-being last year compared with 2014, while 15% reported a decline. Among individuals who went to college, more than half of adults younger than 30 took on at least some debt.

Source: Los Angeles Times May 25, 2016 13:54 UTC