Many Americans lack emergency cash

Jobless rate hits lowest level since 2007

It could be an emergency room visit for your kid. Maybe a deer ran in front of your car. Or you lose your job, but need to make a mortgage payment.

Curveballs can come any time. But a lot of Americans aren’t ready for them financially, according to new research from the New York Federal Reserve.

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Personal finance news – CNNMoney.com

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