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.
Many Americans say their household expenses are outstripping their incomes, prompting concerns about their financial futures. At the same time, household debt for most Americans has either risen in the last year or has not gone away.About 2 in 3 Americans say their household expenses have risen over the last year, but only about 1 in 4 say their income has increased in the same period, according to a new poll from The Associated Press-NORC Center for Public Affairs Research.
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. About 3 in 10 Americans say they've foregone a major purchase because of higher interest rates in the last year. Nearly 1 in 4 U.S.
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