Americans Who "Never Save"
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According to a survey by the Federal Reserve, 52% of American consumers cannot cover an emergency expense of $2,000 solely with their savings. Additionally, 31% of Americans are unable to handle an unexpected expense of $500. A record 37% of respondents described inflation and prices as their main financial challenge in 2024. In comparison, this figure was 35%, 33%, and 8% in 2023, 2022, and 2016, respectively
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