Despite months of increasingly positive economic indicators, the American public remains negative about the state of the nation’s economy, with 51% saying they think the economy is still in a downturn and getting worse, according to a new CNN poll.
Yeah, according to a Federal Reserve survey from earlier this year “only 63% of adults surveyed said they would cover an unexpected $400 expense using cash or its equivalent, down from 68% the year before. Many noted they would lean on credit cards or family members to manage such a bill. About 13% said they wouldn’t be able to cover such an expense by any means.”
Upper middle class and above households have been doing great, but everyone else is in a bad way and getting worse.
Yeah, according to a Federal Reserve survey from earlier this year “only 63% of adults surveyed said they would cover an unexpected $400 expense using cash or its equivalent, down from 68% the year before. Many noted they would lean on credit cards or family members to manage such a bill. About 13% said they wouldn’t be able to cover such an expense by any means.”
Upper middle class and above households have been doing great, but everyone else is in a bad way and getting worse.