Americans headed for savings crisis?



A new survey finds 67% of Americans are dipping into their savings to help pay for rising living costs. ABC News’ Veronica Miracle has more on the possible response from the Federal Reserve tomorrow.

Original source (ABC/Youtube)

32 comments

  1. Fast food, alcohol, cigarettes, lotto tickets, online subscriptions, making excuses, playing on your phone 8 hours a day, etc

    That's why you all are broke

    Go look in the mirror if you want to see the problem

  2. Companies see records profits next headline

  3. We are being degraded to a third world country. Safety, Food, Energy, Housing, a Job. It’s all going to 💩

  4. I was looking for one of those 10 million jobs available… They pay as low as $9.80/hour. That’s why there are 10 million jobs available.

  5. 11 million jobs with low pay😒

  6. thanks Mr biden for everything 🙏 fu

  7. Americans haven't had savings in years.

  8. What is a savings account? I've only ever had or made enough to make it by. Don't live in California people.

  9. We are not headed for it…….we are in it already.
    Bad juju rising.

  10. Yet when I look around where I live, people are spending like crazy and buying all kinds of new things or taking awesome trips or making large financial decisions involving home renovations etc… looks a lot to me like 05-06-07ish

  11. I cut off so many excess things. I spend less, go to my local library, repeat the same outfits, less tv, less news. 🙂

  12. Y'all should have started saving 10 years ago 🤦

  13. Not me I have plenty of money

  14. when the unemployment list goes down it doesn't mean everybody got a job.. it just means their unemployment benefits have expired and their name is no longer on the unemployment list.

  15. They're not after me, they're after you. I'm just in their way.
    You got rid of him. Nobody is in their way now. And look how fast and hard they came after whatever you had.

  16. I live in the nature and I have too say I live free
    No job working. Like a slave
    Growing my own plants and food

  17. save till it hurts, then save even more.

    you people live as if tomorrow will never come. you party and eat out more than you should. if you dont learn anything from this, you never will.

  18. Biden is responsible for all this crisis happening now

  19. And our president just approve millions more for Ukraine….

  20. just tur the pipeline back on sleepy joe!

    turn the valve sleepy joe….
    you can do it.
    its like willy wonka n the chocolate factory… except ice cream will pour out the end instead of chocolate! now you like ice cream dont you?!?!?

  21. Open the freaking Keystone XL Pipeline!!!!!!!!!!!!!!!!!

  22. Biden is giving away more of our fuel reserves!!!!!!!!!!!!!!!!!!!! Traitor!

  23. Uh. Who has savings! The greed in this country is unprecedented! The working class is now the low class!

  24. If you voted for Joe Biden you shouldn't be aloud to work is you created this & have bad judgement

  25. What the hell you saving for invest invest

  26. Okay ABC News, let me help y'all out, the current situation will lead to more people becoming homeless because you cannot expect things to just work out when the cost of everything rises at the same time and wages do not keep pace, I've seen countless people online complain about applying for tons of jobs and not getting one so something is amiss there, there will be an increase in foreclosures as a result of point number one, there will be drastic increases in bankruptcy filings with the rate hikes impacting variable interest rates on overextended Americans so that will be most that have revolving debt again point one, there will be an increase in property crime out of desperation as we've already seen, there is no savings in America we are broke and neither the Republicans nor Democrats give a F about we in society at large as the lack of results after decades prove this since we keep getting poorer, the housing market will crash, . . . . . like what kind of Pollyanna juice do y'all wake up and drink? If you are going to report on the economy at least have some damn common sense to know how things are interconnected and how pullbacks in one area have a direct impact on another even if it takes time to ultimately see the result from decisions made due to economic contraction.

  27. I got $200 in my savings bruh 🥺