Business

Economic Strain: Savings Dwindle Amid Inflation

Updated 2026-07-13 19:40 UTC 1 source Negative

A new report from the Urban Institute found that nearly 20 percent of adults used their savings to buy groceries last year, indicating a growing financial strain. This comes as President Trump prepares to address the nation amid tensions with Iran.

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The Hill
Almost 20 percent of adults dipped into their savings to pay for groceries last year, according to a new report from the Urban Institute. The report, released on Monday and based on December 2025 data from the think tank’s Well-Being and Basic Needs survey, noted that 19.6 percent of adults from ag
2026-07-13 18:59 UTC
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