Inflation is at a 40-year high and it's now impacting people with a lower income. A new survey found 67% of Americans are dipping into their savings to cover expenses.
A new survey found 67% of Americans are dipping into their savings to cover expenses.
"People are using savings and people do panic, and you know, a lot of people unfortunately are using their credit cards, and those are getting maxed out, especially with higher rates, those interest rates are outrageous right now," said financial expert Brian Gilder."So there's a lot of uncertainty I think, in the economy, and a lot of people are panicking and their making decisions just to survive."The U.S.
"It's not as bad with groceries as it is with some things like fuel and auto, but it's definitely sticker shock," said Los Angeles resident Matthew.
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