Americans Reported Strong Personal Finances Late Last Year, Fed Finds

Americans reported their highest levels of financial well-being last fall than at any time in nearly a decade, making them better positioned to weather an economic slowdown this year. , according to a Federal Reserve survey released Monday.

The survey, taken in October and November before the Omicron wave of Covid-19, shows that a strong economic recovery combined with government stimulus programs has allowed households to step in. 2022 favorably. This year, the US faces economic difficulties with the highest inflation in four decades, rising interest rates, wobbly stock and financial markets and a supply-demand imbalance in the commodity and labor markets. .

https://www.wsj.com/articles/americans-reported-strong-personal-finances-late-last-year-fed-finds-11653317014?mod=pls_whats_news_us_business_f Americans Reported Strong Personal Finances Late Last Year, Fed Finds

Edmund DeMarche

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