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Ask Carrie: Five Ways to Prepare for a Financial Emergency

Dear Readers, What would happen if you were hit with an unexpected medical bill, a layoff, or your adult son or daughter needed a quick loan to get out of a financial jam? According to the Federal Reserve's Report on the Economic Well-Being of U.S. Households in 2015, 47 percent of respondents said they wouldn't be able to cover a $400 emergency expense or would have to borrow or sell something to come up with the money.
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