About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period. That's according to a new poll from The Associated Press-NORC Center for Public Affairs Research.
FILE - Credit cards as seen July 1, 2021, in Orlando, Fla. Many Americans say their household expenses are outpacing earnings in 2023 according to a new poll from AP-NORC Center for Public Affairs Research. File - A man shops at a grocery store in Buffalo Grove, Ill., March 19, 2023. As household expenses outpace earnings, many people are expressing concern about their financial futures. File - A shopper peruses cheese offerings at a Target store on Oct. 4, 2023, in Sheridan, Colo.
Tracy Gonzales, 36, who works as a sub-contractor in construction in San Antonio, Texas, has several thousand dollars of medical debt from an emergency room visit for what she thought was a bad headache but turned out to be a tooth infection. “I’ve been looking forward to retirement my entire life. Recently I realized it’s just not going to happen,” said Shapiro, of Pittsburgh, adding that his wife’s $30,000 or so of student debt is a financial factor for his household. The couple had hoped to sell their house and move this past year, but decided instead to hold on to their mortgage rate of 3.4%, rather than facing a higher rate. or the Democrats are better suited to handle the issue of inflation in the U.S.
About three-quarters of Americans describe the nation’s economy as poor, which is in line with measurements from early last year.
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