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93 views • January 26, 2023

Americans Rely More on Credit for Emergencies: Survey

NTD News
NTD News
Americans are saving less this year due to high inflation and rising interest rates against a backdrop of economic uncertainty. A recent Bankrate survey reports that a potential recession and layoffs could leave people unprepared for emergency expenses. The survey shows that 57 percent of the respondents currently can't afford a $1,000 emergency expense, and particularly concerning is the finding that 25 percent would put such an expense on a credit card.
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