Posted inPersonal Finance

Majority Unable to Afford $1,000 Emergency Expense as Inflation Increasingly Stifles Ability to Save

The majority (57%) of U.S. adults are currently unable to afford a $1,000 emergency expense, according to a new Bankrate.com report. Meanwhile, nearly 3 in 4 (74%) U.S. adults report saving less this year due to economic factors, such as inflation, rising interest rates and/or change in employment or income. The share of people saving […]