Personal-finance guru Suze Orman thinks most consumers are, or soon will be, in dire straits, facing an environment of higher interest rates, higher inflation, and elevated volatility in stocks and bonds. — Suze Orman Orman’s comments, made on CNBC on Wednesday afternoon, came as SecureSave, an emergency-savings-account company that she co-founded, has published a survey finding that 67% of workers cannot afford an emergency $400 expense and that 74% of Americans are living paycheck to paycheck.
“Households are spending more, not as much because they want to, but because they have to, with increased costs for essential items,” she was quoted as saying by MarketWatch’s Quentin Fottrell. Opinion: Household wealth dropped by $13.5 trillion from January to September, second-worst destruction on record