...handle an emergency situation, said Peterson. KNOW THE RISKS There is no such thing as risk-free investing, said Jared Bernstein, author of "Crunch: Why Do I Feel So Squeezed? (And Other Unsolved Economic Mysteries)." Don't make an investment...

...working family is considerably more squeezed this year than it was last year - and last year wasn't so great," said Jared Bernstein, senior economist at the Economic Policy Institute in Washington, D.C. Although the median household income rose...