According to a recent survey conducted by the U.S. Census Bureau, more than 57% of American households have had at least some difficulty affording their usual expenses in the last week.
While inflation has cooled in the last two years, the CPI remains above the Federal Reserve's target rate of 2%, indicating persistent cost challenges for American families.
In Indiana, for example, goods and services were about 8.2% less expensive, on average, than they were nationwide in 2022, yet 64.8% of households struggled with expenses.
Generally, Americans living in major cities are saddled with a higher cost of living than those in smaller, rural communities, with metro areas being about 11.4% more expensive.
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