(Reuters) Almost half of American families say they would struggle to pay for emergency expenses and those with a high school degree or less are most likely to say their well-being has declined, according to a Federal Reserve survey released on Wednesday.
The annual survey, in its third year, takes the pulse on the financial situation of U.S. families, which has been a key issue ahead of this year's presidential election.
It found that Americans with a bachelor's degree or higher were "by far" most likely to say that they are doing OK financially or living comfortably and report an improvement in their finances over the past year.
Advertisement - story continues below
Roughly one third of U.S. adults have achieved at least a bachelor's degree.