THE report highlights that despite a slower inflation rate, it still significantly affects Americans’ financial stability.
According to the report, 65 percent of U.S. households have seen their financial conditions worsen due to inflation, with 19 percent experiencing a much more severe decline.
Additionally, over half of the adults surveyed revealed that they have no money left after covering their monthly fixed expenses.
The report also found that 17 percent of respondents were unable to fully pay all their bills before the survey deadline.
Furthermore, 63 percent of adults indicated that they could only handle an emergency expense of $400 using cash or its equivalent.
