List of Flash News about emergency savings
Time | Details |
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2025-03-18 23:28 |
Decline in Americans' Financial Resilience: Only 63% Can Afford $2,000 Emergency
According to The Kobeissi Letter, only 63% of Americans can afford a $2,000 emergency, marking the lowest level in at least a decade. This figure has dropped by 9 percentage points since February 2020, as reported by the NY Fed. The decline in financial resilience comes alongside record highs in household debt, indicating potential stress on consumer spending and economic stability. |