Deep Tide TechFlow News, on June 7, reported by The Kobeissi Letter, the latest survey by the Federal Reserve shows that 52% of American consumers cannot cover a $2,000 emergency expense solely with savings, and 31% cannot even afford a $500 unexpected expense. In 2024, a record 37% of respondents indicated that inflation and prices are their primary financial challenges, up from 35% in 2023, 33% in 2022, and 8% in 2016.