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May

2011

9:35am, EDT

Are you financially fragile?

If you would have major difficulty accessing that much money to meet a sudden expense, then you are "financially fragile." TODAY's money expert, Jean Chatzky, suggests prudent savings strategies.

A new study shows that half of all Americans would be hard-pressed to come up with $2,000 if they had to, making them financially fragile." TODAY financial editor Jean Chatzky and anchor Matt Lauer discussed the issue on Thursday's show.

For more details on the study, check out our earlier post. Annamaria Lusardi, the lead author of the study, has an interesting blog about "financial literacy and ignorance," her pet issue. Her latest post offers an account of a discussion she recently had on the topic with Baltimore Ravens football great Ray Lewis and others.