Amid persistent inflation, 54% of Americans are using savings to pay for everyday expenses
Publishing timestamp: 2023-02-16 09:43:31
Summary
Inflation is taking a toll on households, with 27% of Americans having to dip into their savings to cover basic necessities. Experts recommend budgeting and using lower-interest personal loans or 0% balance transfer cards to pay off high-interest debt.
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Keywords: social issues, business news, u.s. economy, personnel, wages and salaries, united states, inflation, economic events, federal reserve system, personal finance, personal saving, lendingclub corp, personal loans, investment strategy, retirement planning,