Special Report: Middle-Income Families Resilient Amid High Inflation, Economic Uncertainty
Retrieved on:
Friday, February 3, 2023
As many economists continue to predict a recession this year, middle-income families are already taking an economic hit that is threatening their long-term financial security.
Key Points:
- As many economists continue to predict a recession this year, middle-income families are already taking an economic hit that is threatening their long-term financial security.
- “High inflation stings for everyone, but it’s especially painful for middle-income American families,” said Dr. Cutts.
- “With prices increasing at the fastest rate in a generation, the middle-market is now spending their savings to make ends meet.
- Respondents frequently overestimated their ability to save and limit spending, as well as their ability to pay all their bills.