The Fed’s recently released annual Economic Well-Being of US Households 2021 report shows US households in better shape than at any time since the Survey commenced in 2013. 78% of households reported living comfortably, up from 75% in 2020, the highest percentage ever. Moreover, 68% of adults said they could cover a $400 emergency using cash, also the highest ever. Just 6% of adults had no bank account. (Source: Dr. Elliot Eisenberg, the Bowtie Economist).
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