Two Third Americans Says Economy not in Right Direction
A significant majority of middle-income Americans are finding it increasingly difficult to manage their finances due to persistent high inflation in the U.S. According to a recent survey by Primerica’s Financial Security Monitor (FSM) for the second quarter of 2024, two-thirds of respondents feel they are falling behind financially because of the rising cost of living.
The FSM survey, which gathered responses from over 1,000 U.S. adults with annual incomes ranging from $30,000 to $130,000, revealed that 66% of participants believe their income is not keeping pace with their expenses. Additionally, 48% reported that they have either reduced their spending or stopped saving altogether to make ends meet.
These findings align with a separate report from the National True Cost of Living C...
