'Gasping for air'
By Around the WebPublished June 8, 2024 at 3:09pm
(FOX BUSINESS) – A majority of middle-class Americans are experiencing financial hardship that they expect will continue for the rest of their lives, according to a new poll.
Findings published by the National True Cost of Living Coalition show that 65% of Americans whose incomes are 200% above the national poverty line – which is about $62,300 for a family of four, often considered middle class – said they are struggling financially.
Respondents include those with high school diplomas and graduate degrees as well as blue- and white-collar workers who live in both rural and urban America.
While many of these people said they are able to afford the most basic expenses, they expressed concern about their inability to save for the future.
Tellingly, about 40% of Americans said they are unable to plan beyond their next paycheck, while another 46% said they do not have $500 saved for emergencies.
No comments:
Post a Comment