Federal Reserve Survey: Higher prices have negatively affected most households

A fed survey of US households reports:

• A decline in financial well-being from a recent Fed survey of consumers
• Higher prices have negatively affected most households
• One-third of households cited inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term as their main financial challenge
• 73% of respondents say they were doing at least okay financially in 2022 versus 78% in 2021
• Those saying they were worse off rose to 35%, the highest since the question was 1st asked in 2014
• More workers received and asked for a pay increase or promotion in 2022 versus 2021
• 63% of respondents said they would cover Cover When a trader says he or she is going to "cover," it typically refers to the act of closing out a short position in a security, stock, or forex position. Short selling is a trading strategy where a trader borrows shares or securities and sells them in the market with the expectation that the price will decline. If the price does indeed drop, the trader can buy back the shares at a lower price, return the borrowed shares to the lender, and pocket the difference as profit.To "cover" a short positi When a trader says he or she is going to "cover," it typically refers to the act of closing out a short position in a security, stock, or forex position. Short selling is a trading strategy where a trader borrows shares or securities and sells them in the market with the expectation that the price will decline. If the price does indeed drop, the trader can buy back the shares at a lower price, return the borrowed shares to the lender, and pocket the difference as profit.To "cover" a short positi Read this Term a $400 emergency expense with cash. Down from a record high of 68% in 2021
• Responses suggest that there has been some erosion in a household's financial buffers