Reported about 18 hours ago
A recent report from the Federal Reserve Bank of New York reveals that Americans are anticipating higher long-term inflation rates, with projections increasing to 2.7% in three years and 2.9% in five years. Additionally, concerns about credit delinquency have surged, hitting their highest point since April 2020, as the likelihood of missing a debt payment over the next three months rose to 14.2%. This sentiment is particularly pronounced among lower-income households, but those with higher incomes also reported increased fears of falling into delinquency.
Source: YAHOO