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Fed report finds most Americans who own crypto tend to be high income hodlers -Breaking

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Fed reports that crypto owners are most likely to have high-income hodlers.

In its Economic Well-Being of U.S., the United States Federal Reserve Board included cryptocurrency data. The 2021 Report on Households. The Fed’s ninth annual report looked at survey results from 11,000 people questioned in October and November 2021.

The report indicated financial wellbeing is the highest it has been since reporting began, with 78% of U.S. adults “doing okay or living comfortably financially.” That is an increase of 3% over the last three years. This report uses 68% Americans as a measure of their financial health. They say that they would be able to pay for $400 of emergency expenses using only cash.