Federal Reserve Survey: 52% of Americans Unable to Handle $2,000 Emergency Expense as Inflation Pressures Continue to Mount
According to an article by The Kobeissi Letter, a recent Federal Reserve survey shows that 52% of American consumers cannot handle a $2,000 emergency expense solely with their 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
Data: A certain whale went long on 638,000 HYPE, worth approximately $20 million
Perp DEX trading volume slowed in November, with Lighter, Hyperliquid, and Aster accounting for nearly 70%
Trending news
MoreCrypto prices
More
