According to the survey, 52% of American consumers cannot cope with an emergency expense of $2,000 relying solely on savings, and 31% cannot even afford an unexpected expense of $500. In 2024, a record 37% of respondents stated that Inflation and prices are their main financial challenges, up from 35% in 2023, 33% in 2022, and 8% in 2016.
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Survey: 37% of American consumers view inflation as a major financial challenge, and 52% are unable to cope with a $2,000 emergency expense.
According to the survey, 52% of American consumers cannot cope with an emergency expense of $2,000 relying solely on savings, and 31% cannot even afford an unexpected expense of $500. In 2024, a record 37% of respondents stated that Inflation and prices are their main financial challenges, up from 35% in 2023, 33% in 2022, and 8% in 2016.