A majority of middle-class Americans are “struggling financially” and expect that to continue for the rest of their lives, according to a new poll.
A majority of middle-class Americans are "struggling financially" and expect that to continue for the rest of their lives, according to a new poll. The poll, commissioned by the National True Cost of Living Coalition and published last week, found that 65% of Americans considered "middle class" – or those earning above 200% of the federal poverty level – are facing financial hardship. That’s about $62,300 for a family of four, according to FOX Business.
The labor market is continuing to chug along at a solid but moderating pace with employers adding 175,000 new workers in April. Job openings remain high, and the unemployment rate has held below 4% for more than two years straight.But Americans are also grappling with the highest interest rates in two decades and chronically high inflation that has made the cost of everyday necessities like groceries, rent and gasoline far more expensive.While inflation has fallen considerably from a peak of 9.
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