The financial stability of American households is precarious, even across income levels
Many Americans are unprepared for unexpected expenses and lack emergency funds
Inflation and rising interest rates have worsened the financial struggle for households
Personal finance expert Suze Orman stresses the importance of building and maintaining an emergency fund
High inflation has increased the cost of living, affecting everyday items and essential expenses
A significant percentage of Americans live paycheck to paycheck, leaving no room for saving