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Description: Higher mortgages, rents, car payments, grocery bills, and monthly expenses are financially draining U.S. households at a ...
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Epic Economist

Data

Text duration start ents sentiment
further Ado here are 20 facts that prove 6.299 Jump to 85.32 PERSON Ado CARDINAL 20
1. Americans are paying more and getting 6.88 Jump to 94.04 CARDINAL 1 NORP Americans
a new CNBC survey sixty percent of 5.699 Jump to 110.46 ORG CNBC PERCENT sixty percent
instability 43 Rising interest rates 36 9.18 Jump to 121.2 CARDINAL 43 CARDINAL 36
and a lack of savings 35 percent 6.82 Jump to 126.32 PERCENT 35 percent
over the past three years experts 6.12 Jump to 130.38 DATE the past three years
average nine percent of their purchasing 4.62 Jump to 136.5
two almost 40 percent say their 6.12 Jump to 143.52 PERCENT two almost 40 percent
revealed that 38 of Americans see their 6.341 Jump to 153.739 CARDINAL 38 NORP Americans
the past 12 months that's an eight point 5.58 Jump to 160.08 DATE the past 12 months CARDINAL eight
three nearly one in three Working 5.58 Jump to 179.519 CARDINAL three CARDINAL three ORG Working
poll survey about 36 percent of 6 Jump to 193.2 PERCENT about 36 percent
last month that represents a 14 increase 6.661 Jump to 201.239 DATE last month CARDINAL 14
for almost a third of U.S mothers 6.299 Jump to 217.5 CARDINAL almost a third GPE U.S
with grocery prices jumping by almost 15 6.18 Jump to 225 CARDINAL almost 15
hikes of more than a hundred percent 5.16 Jump to 231.18 CARDINAL more than a hundred
data found that three in ten mothers 6.06 Jump to 238.98 CARDINAL three
compared with 19 of fathers say they've 5.759 Jump to 241.62 CARDINAL 19
consequently seven in ten reports giving 5.559 Jump to 250.04 CARDINAL seven CARDINAL ten
five the number of low-income families 5.94 Jump to 256.62 CARDINAL five
America today over 53 million people 5.881 Jump to 265.199 GPE America DATE today CARDINAL 53 million
including 24 million children are living 7.5 Jump to 268.08 CARDINAL 24 million
in a low-income family from 2020 to 2023 6.96 Jump to 271.08 DATE 2020 CARDINAL 2023
low income that's below 200 percent of 5.76 Jump to 278.04 PERCENT below 200 percent
from 28 the 31 while there was an 7.02 Jump to 283.8 CARDINAL 28
increase of 2.2 million people since 4.92 Jump to 288.3 CARDINAL 2.2 million
2020 the number of children in 5.28 Jump to 290.82 DATE 2020
than 500 4.8 Jump to 296.1
000 in just one year 7.199 Jump to 297.78 CARDINAL 000 DATE just one year
Jinx 70 of all Americans say they're now 7.56 Jump to 300.9 DATE Jinx 70 NORP Americans
feeling financially stressed roughly 70 6.18 Jump to 312.54 CARDINAL roughly 70
these days and a majority 52 percent of 6.299 Jump to 321.12 DATE these days PERCENT 52 percent
pandemic began in March 2020 according 5.519 Jump to 330.18 DATE March 2020
foundation for credit counseling 7. the 6.18 Jump to 352.62 CARDINAL 7
about 58 percent are living paycheck to 6.54 Jump to 364.08 PERCENT about 58 percent
eight upper income earners are not 7.081 Jump to 384.419 CARDINAL eight
making a hundred thousand dollars or 4.68 Jump to 391.5 MONEY a hundred thousand dollars
majority fifty seven percent saying they 5.82 Jump to 396.18 PERCENT fifty seven percent
feel financially stressed about a third 5.4 Jump to 399.06 CARDINAL about a third
of people earning six figures set their 4.56 Jump to 402 CARDINAL six
9. granted God that is exploding so are 7.06 Jump to 420.38 CARDINAL 9
and delinquency rates are 25 higher than 6.36 Jump to 436.38 CARDINAL 25
in April 2022 household debt levels 5.94 Jump to 439.44 DATE April 2022
surged by 38 billion dollars in February 5.579 Jump to 442.74 MONEY 38 billion dollars DATE February
the U.S federal reserve 10. 7.201 Jump to 448.319 GPE U.S CARDINAL 10
currently only 45 percent of U.S adults 6.699 Jump to 470.78 PERCENT only 45 percent GPE U.S
about 26 percent say they have less than 5.82 Jump to 479.4 PERCENT about 26 percent
five thousand dollars saved data 5.34 Jump to 482.28 MONEY five thousand dollars
just one Health Emergency or one car 6.299 Jump to 492.84 CARDINAL one CARDINAL one
11. workers ability to recover from 5.68 Jump to 500.12 CARDINAL 11
55 percent down from 66 percent a year 6.961 Jump to 527.519 PERCENT 55 percent PERCENT 66 percent
added 12. most middle-class Americans 6.78 Jump to 548.04 CARDINAL 12 NORP Americans
cost of living has jumped 16 percentage 6.42 Jump to 565.14 CARDINAL 16
points since December 2020 rising to a 7.38 Jump to 568.5 DATE December 2020
whopping 75 percent we are kind of in 6.779 Jump to 571.56 PERCENT 75 percent
recession William said 13. skyrocketing 6.599 Jump to 604.92 PERSON William CARDINAL 13
the first time since 2021 even outpacing 6.12 Jump to 622.74 ORDINAL first DATE 2021
five years Health spending Rose by 47 8.06 Jump to 631.56 DATE five years CARDINAL 47
totaling nearly five trillion dollars 7.86 Jump to 636.08 MONEY nearly five trillion dollars
14. medical debt continues to soar 8.2 Jump to 639.62 CARDINAL 14
roughly 41 of adults report going into 6.82 Jump to 643.94 CARDINAL roughly 41
research in fact this means that 72 6.12 Jump to 657.54 CARDINAL 72
million people have medical bill 5.701 Jump to 661.019
and that's up from 34 in 2013. now if 8.4 Jump to 666.72 CARDINAL 34 DATE 2013
you add in the 7 million elderly adults 6.481 Jump to 671.339 CARDINAL 7 million
total of 79 million Americans of medical 7.98 Jump to 677.82 CARDINAL 79 million NORP Americans
bills or debt problems 15. more people 6.419 Jump to 681.48 CARDINAL 15
almost 71 percent of Americans with 6.6 Jump to 692.88 PERCENT almost 71 percent NORP Americans
incomes ranging between 25 to 125 000 6.901 Jump to 695.459 CARDINAL between 25 to 125 000
care with 34 saying they skipped a 5.76 Jump to 702.36 CARDINAL 34
a 10 jump since the firm conducted the 6.54 Jump to 713.82 CARDINAL 10
41.4 percent compared to 36 percent in 5.62 Jump to 726.74 PERCENT 41.4 percent PERCENT 36 percent
2022 6.84 Jump to 730.86 DATE 2022
16 only 17 percent of U.S workers can 7.8 Jump to 732.36 PERCENT 16 only 17 percent GPE U.S
housing affordability pyramid for 2023 6.239 Jump to 746.1 DATE 2023
is 425 5 Jump to 754.62 CARDINAL 425
786. 5.98 Jump to 757.94 CARDINAL 786
73 of all U.S households or a total of 7.779 Jump to 759.62 CARDINAL 73 GPE U.S
96.5 million households cannot afford 8.88 Jump to 763.92 CARDINAL 96.5 million
this median price new home just 17 of 8.161 Jump to 767.399 CARDINAL 17
noted that 49 of U.S households can't 6 Jump to 778.44 CARDINAL 49 GPE U.S
afford a two hundred fifty thousand 5.88 Jump to 782.399 CARDINAL two hundred fifty thousand
dollar home and 39 million families have 6.48 Jump to 784.44 CARDINAL 39 million
insufficient income to afford a hundred 5.701 Jump to 788.279 CARDINAL hundred
and fifty thousand dollar home this 5.76 Jump to 790.92 MONEY fifty thousand dollar
stands at more than a 10-year low the 5.54 Jump to 802.56 CARDINAL more than a DATE 10-year
17. nearly 1 million will soon need to 7.78 Jump to 808.1 CARDINAL 17 CARDINAL nearly 1 million
data also reveals that 19.62 of 5.399 Jump to 815.88 CARDINAL 19.62
foreclosure in the next two months the 4.38 Jump to 826.86 DATE the next two months
18. at the same time the rate of 5.399 Jump to 835.56 CARDINAL 18
in April that 8.1 million people aged 18 7.5 Jump to 844.26 DATE April CARDINAL 8.1 million CARDINAL 18
rent payments up a hundred thousand from 6.18 Jump to 851.76 CARDINAL a hundred thousand
a month before in other words almost 15 5.579 Jump to 854.76
next 30 days if they fail to meet their 3.68 Jump to 862.56 DATE next 30 days
19. meanwhile auto loan debt 5.92 Jump to 866.24 CARDINAL 19
auto borrowers who were at least 60 days 5.101 Jump to 875.639 DATE at least 60 days
late on their bills climbed by four 5.581 Jump to 878.519 CARDINAL four
percent and remained 20.4 percent higher 5.399 Jump to 880.74 PERCENT 20.4 percent
level since 2006 and Loan defaults 6.481 Jump to 893.519 DATE 2006 ORG Loan
increased 6.2 percent over the course of 6.6 Jump to 896.88 PERCENT 6.2 percent
the month and we're up 33.5 from a year 4.579 Jump to 900 DATE the month CARDINAL 33.5 DATE a year
repossessed cars increased 11 in 2022 7.021 Jump to 909.779 CARDINAL 11 DATE 2022
20. more workers worry they can't afford 6.52 Jump to 929.6 CARDINAL 20
savings for retirement only 18 of the 6 Jump to 942.24 CARDINAL only 18
of 10 points from the 2022 survey when 6.119 Jump to 953.22 CARDINAL 10 DATE 2022
28 percent meanwhile the percentage of 5.94 Jump to 959.339 PERCENT 28 percent
their retirement jumped to 36 percent up 6.779 Jump to 967.5 PERCENT 36 percent
from the 2022 response rate of 28 3.781 Jump to 971.459 DATE 2022 CARDINAL 28
Recession in 2010. and it showed their 5.881 Jump to 980.279 DATE 2010
recession in 2008 4.979 Jump to 986.16 DATE 2008
this magnitude occurred was in 2008 5.7 Jump to 991.139 DATE 2008
an increase over last year's one-third 5.941 Jump to 1019.279 DATE last year's CARDINAL one-third
but Americans have proven to be one of 5.62 Jump to 1066.7 NORP Americans