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80% Of American Households Are In A Worse Financial Position Now Than They Were Before The COVID Pandemic Hit — What You Can Do To Keep Your Head Above Water

The latest Federal Reserve study revealed a concerning trend among American households, particularly those outside the wealthiest 20%, according to a Bloomberg report. Since the onset of the COVID-19 pandemic, they have depleted their extra savings and have less liquid assets than they had before the pandemic began. If this is you, consider speaking to a financial advisor. As of June, the bottom 80% of households by income, when adjusted for inflation, had lower bank deposits and other liquid as ....

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