The Fed estimates that one-third of the middle class can not afford $ 400 surprise spending

WASHINGTON – A third of American adults in the middle class could not afford a surprise expense of $ 400, and about 6% also could not manage such a cost, even by borrowing money or selling something, according to a survey soon released by the Federal Reserve: the household economy is expected to conclude.

Fed governor, Lael Brainard, said Friday in a speech that the Fed's survey on the economy and household decision-making 2018, which is expected to be released later this month, would show that while economic security "marginally" improved, many …