The Fed released a report today showing that a majority of Americans said they were still being impacted by inflation last year. In some cases that meant not being able to pay bills or buy food.
Inflation may have slowed last year, but it continued to deal heavy blows — some devastating — on Americans’ livelihoods: Nearly two-thirds of US adults were worse off because of it, and roughly 1 in 6 couldn’t pay all their monthly bills, new Federal Reserve data shows…
Inflation made the financial lives “worse” for 65% of US households, according to the report. Among those, 19% said it was “much worse.”…
Incomes grew healthily in 2023, but so did spending, the Fed report showed. Monthly budgets remained tight and more than half of adults didn’t have money left over after paying their expenses.
This was especially true for lower-income adults, who reported higher…
