Just 63% of Americans are currently able to come up with 2,000 in the event of an unexpected need, the lowest in at least 10 years. This percentage has declined by 9 points since February 2020, according to the NY Fed. This comes as household debt hits record highs with pandemic-era savings have been depleted. 2.3 trillion of accumulated savings have been spent by Americans since mid-2021. At the same time, US household debt has risen to a record 18.0 trillion. All while core CPI inflation has been above 3% for 46 straight months. US consumers are struggling.