A study by the National True Cost of Living Coalition reveals that a significant portion of middle-class Americans struggle financially, with 40% unable to plan beyond their next paycheck and 46% lacking $500 for emergencies. Rising summer energy costs and increasing prices of essential items like milk and bread are exacerbating financial challenges, as 70% of Americans earn less than basic needs costs. Additionally, housing costs have surged, leading many homeowners to stay put due to higher mortgage rates.
Your electricity bill is forecast to climb with the summer heat https://t.co/X7l78VYwH2
Half of all Americans make less than $46,000 a year. (“Median wage”). But the cost of living is astronomical. “Income and individual needs to live comfortably in the US, by state” #inequality #poverty #economy https://t.co/zDlHa82Ha0
$4 milk, $4 bread, and car insurance premiums are up 22% in a year. 70% of Americans earn less than the cost of basic needs. Housing is now so expensive that anyone who has a house is staying put because a new mortgage has a vastly higher rate than the old one. They'd have to…
Rising Summer Energy Costs Catch Many Americans Unprepared, Study Finds https://t.co/4e6wS67JeO https://t.co/RVq6HH3A1g
New National True Cost of Living Coalition study of middle-class Americans: ❗️40% of Americans are unable to plan beyond their next paycheck. ❗️ 46% of Americans do not have $500 saved for emergencies.