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Title: The American Nightmare: A Third Of Americans Are Using Savings For Daily Expenses
Source: [None]
URL Source: https://www.blabber.buzz/economics/ ... ily-expenses?utm_source=c-alrt
Published: Aug 13, 2022
Author: Staff
Post Date: 2022-08-13 09:57:38 by Horse
Keywords: None
Views: 68

One-third of U.S. adults tapped into their savings to cover living expenses throughout the first six months of 2022 as inflation reached a new 40-year-high, according to New York Life's latest Wealth Watch poll.

A total of 36% of people announced they have withdrawn an average of $617 from their savings throughout that time frame, with Gen Xers taking the most ($644).

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