• gAlienLifeform@lemmy.world
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    1 year ago

    Yeah, according to a Federal Reserve survey from earlier this year “only 63% of adults surveyed said they would cover an unexpected $400 expense using cash or its equivalent, down from 68% the year before. Many noted they would lean on credit cards or family members to manage such a bill. About 13% said they wouldn’t be able to cover such an expense by any means.”

    Upper middle class and above households have been doing great, but everyone else is in a bad way and getting worse.