The economic downturn is under great pressure, and the emergency deposits of the American people are reduced
On the 25th local time, a number of financial service companies in the United States released the 2023 survey report on emergency deposits of the American people. Data show that affected by the increasing downward pressure on the economy, the emergency deposits of the American people are decreasing, and at the same time they are increasingly relying on credit cards to deal with emergencies.
One of the reports said that when a $1,000 expense was needed to cover an emergency, only 43 percent of respondents could afford to use their savings to pay for it. When asked what caused the decline in saving, 74% of respondents cited the general economic downturn, with 68% citing inflation as the culprit. In addition, 68% of respondents fear that they will not be able to pay their living expenses for the next month if they lose their main source of income.
