Majority of Americans lack economic security, study finds

Published On Nov 27, 2024, 7:00 AM

A recent report from the Urban Institute reveals that over 50% of American households do not have the financial resources to meet their monthly expenses and save. This situation is particularly acute among single-parent families, where most are below the established True Cost of Economic Security Line (TCES). The study highlights the growing economic insecurity faced by families, especially children, with three out of five living in economically unstable conditions. Despite claims of an improving economy, the findings underscore persistent financial challenges for many households.