A mid-2024 survey by the U.S. Census Bureau found 61% of adults in the U.S. had difficulty meeting household expenses, largely attributed to a 23.6% increase in the cost of living since February 2020 due to historic inflation. While inflation affects all Americans, local variations exist, with significant differences in consumer prices driven by regional income disparities. Counties within states show variations, with some areas being much less expensive or more expensive than the national average. Understanding these variations can help individuals make informed financial decisions and achieve financial stability.
In mid-2024, a survey revealed that 61% of U.S. adults faced difficulties in paying household expenses, highlighting the financial strain caused by inflation.
Since February 2020, the overall cost of living in the U.S. has risen by 23.6%, resulting in a majority of Americans struggling with their finances.
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