According to a survey, 52% of American consumers cannot handle an emergency expense of $2,000 solely relying on savings, and 31% cannot even 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.
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A survey shows that 37% of Americans view inflation as a major financial challenge, and half are unable to cope with a $2,000 emergency expense.
According to a survey, 52% of American consumers cannot handle an emergency expense of $2,000 solely relying on savings, and 31% cannot even 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.