“66% of American workers are worse off financially than a year ago due to inflation, report finds”
October 19, 2022
“…As inflation pressures continue, two-thirds of working adults said they are worse off financially than they were a year ago, according to a recent report by Salary Finance. To make ends meet, many are dipping into their cash reserves or going into debt.
Nearly three-quarters, or 72%, of consumers have less in savings than last year, a jump from 55% who said the same in February, the report found. And 29% said they have wiped out their savings entirely. The report is based on a survey of 500 adults in August…”
Anyone who has been listening to me should have more savings. I’ve been saying tough time are coming for a long time. Well for those who haven’t listened its better late than never. Time to get ready. Get your house in order. Start saving and cut back massively. Live below your means. Get ready now so you will not regret later.