Things were looking up for most Americans at the end of last year, with many households reporting their financial situation was better than at any other time since 2013, according to a survey by the Federal Reserve
San Francisco Things were looking up for most Americans at the end of last year, with many households reporting their financial situation was better than at any other time since 2013.
Nearly 7 out of 10 Americans surveyed by the Federal Reserve said they had the cash or cash equivalents on hand to cover a $400 emergency expense, the highest level since the Fed started tracking financial well-being. Moreover, a record 78% of adults reported they were either"doing okay" or"living comfortably," according to the Fed's Economic Well-Being of US Households 2021 report, released Monday.
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