[Federal Reserve Report: #Nearly 40% of U.S. adults cannot come up with $400 in emergency cash #]#Inflation causes the financial situation of more than 60% of U.S. households to deteriorate #May 21 local timemirrorcarpThe Federal Reserve released the "2023 U.S. Household Economic Status Report." The report shows that while inflation may have slowed last year, it continues to affect Americans.mirrorcarpImpact on livelihoods.
The report said that inflation has caused the financial situation of 65% of U.S. households to "deteriorate", of which 19% said their family's financial situation was "very bad."
In addition, more than half of adults said they had no money left after paying their fixed monthly expenses. Before the survey deadline, 17% of adults surveyed said they were unable to pay all bills in full. The report showed that 63% of adults said they had enough cash on hand to cover $400 in emergency expenses. (CCTV News Client)
