"Over half of Americans, 60%, say a weeklong vacation is unaffordable-and even 49% report the small joy of going out to dinner is out of their budgets. Around 74% also say buying a new car is too expensive, but beyond these commonplace "luxuries," U.S. adults are battling the exorbitant costs of everyday essentials."
"While low-income earners making less than $50,000 annually are starkly the least optimistic about their financial situation, even a majority (60%) of six-figure earners feel they're falling behind or just maintaining their standard of living."
"Nearly two in three renters don't believe they could buy a home they want in the foreseeable future, according to the report. About 71% of those making less than $50,000, 64% of those earning between $50,000 to $99,999, and 57% reeling in $100,000+ all agree they won't be able to purchase property."
A majority of U.S. adults report financial strain, with 53% having just enough money to maintain their current standard of living. Approximately half cannot afford common activities like vacations (60%), dining out (49%), or purchasing new cars (74%). Essential expenses including healthcare (56%), energy utilities (45%), and groceries (45%) are increasingly unaffordable. Financial pessimism is widespread, with fewer than 30% believing they can get ahead financially. Even six-figure earners (60%) report falling behind or stagnating. The housing crisis affects all income brackets, with 71% of renters unable to afford desired homes. Women face particular challenges, with 70% doubting homeownership affordability compared to 59% of men.
Read at Fortune
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