Odaily Planet Daily News: According to The Kobeissi Letter, the latest survey by the Federal Reserve shows that 52% of American consumers cannot afford an emergency spending of $2000 solely through savings, and 31% cannot even afford an unexpected spending of $500. In 2024, a record breaking 37% of respondents stated that inflation and prices were their main financial challenges, up from 35% in 2023, 33% in 2022, and 8% in 2016.
