Almost 20 percent of adults in the United States were financially impacted by natural disasters last year, the Federal Reserve said Tuesday, marking a nearly 50-percent rise from 2022.
Almost 20 percent of adults in the United States were financially impacted bylast year, the Federal Reserve said Tuesday, marking a nearly 50-percent rise from 2022.
This was up sharply from 13 percent in 2022, with some of the biggest changes seen in the West of the country, where the percentage ofIn the US South, which includes hurricane-prone states such as Florida, almost a quarter of all respondents said they were financially hit by natural disasters, while just 13 percent did so in the northeast.In its report, the Fed noted that some of those people at highest risk from natural disasters were also less likely to have homeowners insurance.
But the figure masked one important change: parents living with children under the age of 18 saw a five percentage point decline from a year earlier, with just 64 percent saying they were doing at least okay financially.
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