Federal Reserve Survey: Most Americans' Financial Situation Stable, Household Emergency Capacity Has Not Significantly Deteriorated
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The latest survey from the Federal Reserve shows that as of October 2024, most American adults have stable financial conditions, with 73% stating that life is "okay or comfortable." The ability to cope with unexpected expenses has not significantly deteriorated, with 63% of respondents able to pay for emergency costs in cash. Although economic confidence has slightly improved, only 29% believe the economy is "good," and inflation continues to trouble households, particularly with rising food and housing prices. Confidence in changing jobs has weakened, with 62% believing a new job is "overall better."
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