Majority of Americans Struggle to Keep Up with Rising Household Expenses, Reveals AP-NORC Poll

A new poll from the AP-NORC Center for Public Affairs Research reveals that about two-thirds of Americans say their household expenses have increased over the past year, while only about one-fourth report an increase in income. Many Americans are concerned about their financial futures as household debt remains high and savings have not increased significantly. Rising expenses, including medical costs and inflation, have led to financial strain for many, with few feeling confident about their ability to handle unexpected expenses or save for retirement. Despite these concerns, Americans have continued spending, contributing to strong economic growth. The poll also highlights a lack of trust in both political parties to address inflation.