Fed survey reveals growing stress on American households

The "strong" labor market is a myth. Confidence in finding a new job has cratered to just 43.7%, while the risk of missing basic debt payments is surging. We are witnessing a systemic collapse of financial security, especially for those without a college degree. With inflation still stuck above the Fed's 2% target and crypto markets bleeding out, the average American is one paycheck away from disaster. If you were laid off today, could you actually survive? Or is the economy failing?
This summary was generated by AI