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Natural disasters hit 1 in 5 US adults' finances in 2023: Fed
Natural disasters hit 1 in 5 US adults' finances in 2023: Fed
Economy
by  AFP

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. 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 of people noting a financial impact from natural disasters almost doubled.