If you are wondering why US retailers are feeling a strain, look no further than the latest report from the Federal Reserve Bank of New York that stated 33 percent of Americans said they could not come up with $2,000 over the next 30 days if the need arose.
Many Americans do not have the means for emergencies or for a family
member’s needs — like a quarter of a ObamaCare deductible, or even
enough for 25 percent down payment on the average cost of a funeral —
according to the New York Fed’s Consumer Credit Access Survey.. . . more