Wages are finally rising. Unemployment is the lowest it’s been since 2007. Inflation remains muted.
But 31% of American adults, or 76 million people, say they are struggling to get by or just barely making it, according to the Federal Reserve Bank’s latest survey on Americans’ economic well-being, which looked at 2015.
The Fed survey highlights many of Americans’ continuing economic worries. Some 46% of adults say they can’t cover an unexpected $400 expense or would have borrow or sell something to do so. Continue reading