Extra People Are Struggling Financially


New York Instances: “The share of U.S. adults who stated they have been doing ‘a minimum of OK financially’ fell sharply final 12 months, to 73 p.c from 78 p.c in 2021, based on the newest Federal Reserve survey of People’ monetary well-being, launched on Monday. Some 35 p.c of People stated they have been worse off than a 12 months earlier, up from 20 p.c in 2021 and the best share within the 9 years the query has been requested. Simply 19 p.c of respondents stated they have been higher off than a 12 months earlier.”

“The erosion in monetary well being was broad-based, slicing throughout racial and ethnic traces, instructional classes and revenue teams.”

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