Two-thirds of Americans Report Financial Setback Due to Inflation, Federal Reserve Study Reveals
Tuesday, 21 May 2024, 15:48
Financial Study Highlights:
Nearly two-thirds of Americans have reported a negative impact on their financial situation due to high inflation rates, with families with lower incomes experiencing a particularly severe effect.
Key Takeaways:
- The Federal Reserve study reveals the significant proportion of individuals facing financial challenges amidst rising inflation.
- Low-income households are disproportionately affected by the economic phenomenon, highlighting disparities in financial resilience.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.