Revelations 18:23 ‘For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’
Important Takeaways:
- Nearly half of all Americans are falling deeper in debt as inflation continues to boost costs
- With inflation hitting a 40-year high in June, Americans are struggling to keep up with rising prices and putting less money aside for emergencies or long-term financial goals, several studies show.
- Americans’ overall satisfaction with their financial condition now stands at a 12-month low, and 43% of consumers expect to add to their debt in the second half of the year.
- 23% have no Emergency savings at all
- 28% say they have some savings but not enough for 3 months
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