Federal Reserve Survey: 52% of Americans Unable to Handle $2,000 Emergency Expense as Inflation Pressures Continue to Mount
According to The Kobeissi Letter, the latest Federal Reserve survey shows that 52% of American consumers cannot handle a $2,000 emergency expense solely with savings, and 31% cannot even cover a $500 unexpected expense. In 2024, a record 37% of respondents indicated that inflation and prices are their main financial challenges, up from 35% in 2023, 33% in 2022, and 8% in 2016.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump's post contains "$BIG", sparking market speculation about him launching another meme coin
Data: Twenty One Capital transfers 43,122 BTC to a new wallet, valued at approximately $3.94 billions
Securitize CEO: Insufficient liquidity in digital assets, the most successful tokenized asset is the US dollar
Trending news
MoreCrypto prices
More
