The Struggle Continues: Majority of Americans Living Paycheck to Paycheck Despite Inflation

Despite positive economic indicators, inflation remains high in the US, leading to financial stress for many Americans. Federal Reserve Chair Jerome Powell warns that more interest rate hikes may be necessary. Already, four out of five consumers have been affected by inflation, with lower-income workers being hit the hardest. A significant percentage of Americans, particularly those earning less than $100,000 a year, are living paycheck to paycheck.