More Americans Are Struggling Financially

The New York Times: “The proportion of US adults who stated they had been doing ‘a minimum of OK financially’ fell sharply closing yr, to 73 p.c from 78 p.c in 2021, consistent with the most recent Federal Reserve survey of Americans’ monetary well-being, launched on Monday . Some 35 p.c of Americans stated they had been worse off than a yr previous, up from 20 p.c in 2021 and the perfect proportion within the 9 years the query has been requested. Just 19 p.c of respondents stated they had been than a yr previous.”

“The erosion in financial health was broad-based, cutting across racial and ethnic lines, educational categories and income groups.”
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