Natural disasters hit 1 in 5 US adults' finances in 2023: Fed
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According to the Federal Reserve's annual report, 19 percent of adults in the United States reported being financially affected by natural disasters or severe weather events in the last 12 months, marking a nearly 50-percent rise from 2022. The percentage of people noting a financial impact from natural disasters almost doubled in the West of the country. In the US South, almost a quarter of all respondents said they were financially hit by natural disasters, while just 13 percent did so in the northeast. The report also found that homeowners with lower income, those living in the South, and homeowners who had already been financially affected by a natural disaster were less likely to have homeowners insurance. Inflation remained Americans' top financial concern in 2023, with more than a third of Americans reporting it as a financial challenge.

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https://www.legit.ng/business-economy/economy/1593502-natural-disasters-hit-1-5-adults-finances-2023-fed/