Inflation Eroding Emergency Savings for Many Households
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57% of households say inflation is keeping them from saving more for emergencies
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About 1/3 of households have less emergency savings now than at the start of 2023
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Older generations more likely to have less emergency savings compared to early 2023
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Higher household income linked to greater likelihood of having emergency savings
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Top reasons for not increasing savings are inflation (57%) and too many expenses (38%)
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