Should India Establish a Tariff Emergency Fund?

Rapid Summary

• Recent tariffs are expected to increase the cost of living in the U.S., with an average annual impact of $5,000 per household.
• Consumers may see 3% to 10% price hikes across various goods and up to 30%-40% increases on appliances like refrigerators.
• Recommendations include creating a “tariff emergency fund” by saving 5%-10% of regular household expenses or roughly $5,000 annually.
• Budgeting tips involve aligning savings with expected tariff-induced cost increases on groceries and big-ticket items.

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