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

Washington (AFP) May 21, 2024

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. The Fed's annual report into the economic wellbeing of US households found that 19 percent of adults reported being financially affected by natural disasters or severe weather events like flooding and wildfire