The Federal Reserve (FED) survey: Over half of Americans struggle to manage a $2000 emergency expense, with 37% viewing inflation as the primary financial challenge.

According to a report by Golden Finance, the latest survey by the Federal Reserve shows that 52% of American consumers cannot rely solely on savings to cover an emergency expense of $2,000, and 31% are unable to afford an unexpected expense of $500. 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.