Many Americans say their household expenses are outpacing earnings this year, AP-NORC poll shows

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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.

NEW YORK — 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. As household expenses outpace earnings, many are expressing concern about their financial futures. What’s more, for most Americans, household debt has either risen in the last year or has not gone away.

” Americans are generally split on whether the Republicans or the Democrats are better suited to handle the issue of inflation in the U.S. Three in 10 say they trust neither party to address it. Geri Putnam, 85, of Thomson, Georgia, said she’s been following the ongoing auto workers strikes with sympathy for the workers’ asks. “I don’t think it’s out of line, what they’re asking for, when you see what CEOs are making,” she said. “I think things have gotten out of control.

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