A new survey finds 67% of Americans are dipping into their savings to help pay for rising living costs. ABC News’ Veronica Miracle has more on the possible response from the Federal Reserve tomorrow.
50 thoughts on “Americans headed for savings crisis?”
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Did anyone else mysteriously "owe" taxes this year by the way?
Teacher. Single. No children. 65k salary. $700 per month goes to savings. 15k currently saved. About to get a 2nd job because this stuff is scary. May the Lord be with us!
Thankful to have a savings!!!
Just lift anti-Russian sanctions and say sorry
Prolong the war means prolong the hyperinflation. Politician can end this situation…
Unfortunately people simply don't understand inflation. They think it's just a matter increasing wages. But all that does is drive inflation higher. We're really in trouble because democrats are control in Washington. When it comes to solving inflation you don't want liberals trying to solve it. They think you can spend your way out of inflation.
Ready for a recession.. prices need to settle on stick built houses and manufacture homes and cars and bring dealers back to reality.
Ill be on the hunt for good deals to come..been waiting for a nice new truck to treat myself with
50 yr record breaking profits !
Corporate greed not inflation
Biden is a criminal human trafficker running in terrorist to kill Americans, impeachable offense, fu Biden
$15 minimum wage in a place like nyc doesn’t mean anything. The cost of living in this city and and state is horrible
An idiot sent a lot of money for war and allowed a domestic crisis to happen…….
Did savings rise cuz the gov gave two checks to everyone? That was our payment for being a player in the pandemic game.
You all voted for this
Saved 22k since pandemic started. We have bills just like everyone else with an average income. Always make the Lord your first priority and give at least 10% of gross income to your Church. NO MATTER WHAT. Then live on a written budget. It's not rocket science but if you don't keep the Lord first you'll always struggle with money. Most people don't understand that. You gotta draw the line in the sand and always budget AFTER your giving. Your giving comes first, then you budget on what's left over. Most people don't do this and most people live broke. It's your choice.
Joe Biden on the same day this aired said Americans have more savings than ever before.
bullshit they are FAKE JOB OPENINGS! my other half literally applied to over 1000 jobs and nothing and he is a veteran
I am a 23 year old from Syria, I want help from you Americans
America likes to normalize struggle and poverty.
Fast food, alcohol, cigarettes, lotto tickets, online subscriptions, making excuses, playing on your phone 8 hours a day, etc
That's why you all are broke
Go look in the mirror if you want to see the problem
Companies see records profits next headline
We are being degraded to a third world country. Safety, Food, Energy, Housing, a Job. It’s all going to 💩
I was looking for one of those 10 million jobs available… They pay as low as $9.80/hour. That’s why there are 10 million jobs available.
11 million jobs with low pay😒
Fjb
thanks Mr biden for everything 🙠fu
Beans and rice time 😂
Americans haven't had savings in years.
What is a savings account? I've only ever had or made enough to make it by. Don't live in California people.
We are not headed for it…….we are in it already.
Bad juju rising.
Yet when I look around where I live, people are spending like crazy and buying all kinds of new things or taking awesome trips or making large financial decisions involving home renovations etc… looks a lot to me like 05-06-07ish
I cut off so many excess things. I spend less, go to my local library, repeat the same outfits, less tv, less news. 🙂
Y'all should have started saving 10 years ago 🤦
Not me I have plenty of money
when the unemployment list goes down it doesn't mean everybody got a job.. it just means their unemployment benefits have expired and their name is no longer on the unemployment list.
They're not after me, they're after you. I'm just in their way.
You got rid of him. Nobody is in their way now. And look how fast and hard they came after whatever you had.
I live in the nature and I have too say I live free
No job working. Like a slave
Growing my own plants and food
save till it hurts, then save even more.
you people live as if tomorrow will never come. you party and eat out more than you should. if you dont learn anything from this, you never will.
Biden is responsible for all this crisis happening now
And our president just approve millions more for Ukraine….
just tur the pipeline back on sleepy joe!
turn the valve sleepy joe….
you can do it.
its like willy wonka n the chocolate factory… except ice cream will pour out the end instead of chocolate! now you like ice cream dont you?!?!?
Biden & Co. have to go!
Open the freaking Keystone XL Pipeline!!!!!!!!!!!!!!!!!
Biden is giving away more of our fuel reserves!!!!!!!!!!!!!!!!!!!! Traitor!
Uh. Who has savings! The greed in this country is unprecedented! The working class is now the low class!
If you voted for Joe Biden you shouldn't be aloud to work is you created this & have bad judgement
People have savings?
What the hell you saving for invest invest
Okay ABC News, let me help y'all out, the current situation will lead to more people becoming homeless because you cannot expect things to just work out when the cost of everything rises at the same time and wages do not keep pace, I've seen countless people online complain about applying for tons of jobs and not getting one so something is amiss there, there will be an increase in foreclosures as a result of point number one, there will be drastic increases in bankruptcy filings with the rate hikes impacting variable interest rates on overextended Americans so that will be most that have revolving debt again point one, there will be an increase in property crime out of desperation as we've already seen, there is no savings in America we are broke and neither the Republicans nor Democrats give a F about we in society at large as the lack of results after decades prove this since we keep getting poorer, the housing market will crash, . . . . . like what kind of Pollyanna juice do y'all wake up and drink? If you are going to report on the economy at least have some damn common sense to know how things are interconnected and how pullbacks in one area have a direct impact on another even if it takes time to ultimately see the result from decisions made due to economic contraction.
I got $200 in my savings bruh 🥺
Let America burn