A new report by the Federal Reserve puts the lie to the old adage that a rising tide lifts all boats. Despite a surging economy, the report says four of 10 Americans say they wouldn’t be able to scrape together enough cash to cover a $400 emergency expense. Almost one in four skipped medical care in the last year because they couldn’t afford it. [WaPost]
Topping the news: Utah now ranks No. 1 in the country for housing starts but builders still can’t keep up with demand and prices are freezing out lower income residents.