Most American families say they're doing a bit better financially this year. But there's a new report from the Federal Reserve that raises some interesting questions.

FOX's Carmen Roberts reports:

On the bright side of the Federal Reserve's annual survey: 69% of Americans say they're "living comfortably" or "doing okay."

But nearly half of Americans say they'd struggle to cover an unexpected emergency costing $400. 22 percent are working two or more jobs to make ends meet and when it comes to saving for retirement, nearly half say they're not confident or just slightly confident about their ability to invest.

Add to that 1/3 of Americans below retirement age don't have any retirement savings or a pension.

Carmen Roberts, FOX News.