(ZEROHEDGE) – Rapidly rising high inflation rates are causing Americans to feel insecure about dipping into their emergency savings, according to a June 23 survey from Bankrate.com.
The rise in everyday living expenses due to inflation throughout the country has forced Americans to reassess their household budgets.
Inflation in May hit a 40-year historic high, forcing the Federal Reserve to boost interest rates in order to slow down the economy to control prices.
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