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

What's more, for most Americans, household debt is rising or not going away. About half say they currently have credit card debt, 4 in 10 are dealing with auto loans, and about one in four have medical debtAbout 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.

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. Relatively few Americans say they’re very or extremely confident that they could pay an unexpected medical expense or have enough money for retirement . Only about one-third are extremely or very confident their current financial situation will allow them to keep up with expenses, though an additional 42% say they’re somewhat confident.

Will Clouse, 77, of Westlake, Ohio, said inflation is his biggest concern, as he lives on a fixed income in his retirement. Geri Putnam, 85, of Thomson, Georgia, said she's been following the ongoing auto workers strikes with sympathy for the workers' asks. About three-quarters of Americans describe the nation’s economy as poor, which is in line with measurements from early last year.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Many Americans say their household expenses are outpacing earnings this year, AP-NORC poll showsAbout 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. That's according to a new poll from The Associated Press-NORC Center for Public Affairs Research.
Source: AP - 🏆 728. / 51 Read more »

Many Americans say their household expenses are outpacing earnings this year, AP-NORC poll showsAbout 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
Source: WOKVNews - 🏆 247. / 63 Read more »

Many Americans say their household expenses are outpacing earnings this year, AP-NORC poll showsAbout 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.
Source: ksatnews - 🏆 442. / 53 Read more »

Many Americans say their household expenses are outpacing earnings this year, AP-NORC poll showsAbout 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.
Source: wjxt4 - 🏆 246. / 63 Read more »

Many Americans say their household expenses are outpacing earnings this year, AP-NORC poll showsAbout 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.
Source: WashTimes - 🏆 235. / 63 Read more »