A fresh study has found that most Americans can no longer afford even a basic standard of living, highlighting sharp challenges in today’s economy.
Researchers determined that typical household expenses—covering shelter, food, transportation, healthcare, and utilities—now surpass the average income for more than half of U.S. families. Cost-of-living increases, particularly in housing and medical care, have outpaced wage growth for several years.
The nationwide survey revealed that over 60% of respondents said they struggle to afford essential needs despite being employed full time. Many report dipping into savings or relying on credit to bridge gaps, while others depend on family assistance or government aid.
Analysts warn that this trend places immense strain on households, with potential consequences such as postponing education, delaying preventive medical visits, or skipping vehicle repairs. They underscore the need for policy responses targeting affordable housing, healthcare reform, and wage growth to prevent deeper economic disparities.
The findings offer a stark snapshot of financial hardship across demographics and regions, raising questions about how public systems and private employers can adjust to support families stretched to their limits.