FILE - Credit cards as seen July 1, 2021, in Orlando, Fla. Many Americans say their household expenses are outpacing earnings in 2023 according to a new poll from AP-NORC Center for Public Affairs Research. File - A man shops at a grocery store in Buffalo Grove, Ill., March 19, 2023. As household expenses outpace earnings, many people are expressing concern about their financial futures. File - A shopper peruses cheese offerings at a Target store on Oct. 4, 2023, in Sheridan, Colo.
Tracy Gonzales, 36, who works as a sub-contractor in construction in San Antonio, Texas, has several thousand dollars of medical debt from an emergency room visit for what she thought was a bad headache but turned out to be a tooth infection. “I’ve been looking forward to retirement my entire life. 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. or the Democrats are better suited to handle the issue of inflation in the U.S.
About three-quarters of Americans describe the nation’s economy as poor, which is in line with measurements from early last year.