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A new report from the Primerica Household Budget Index suggests that a majority of middle-income Americans are worried about their finances. The main culprit of the middle class’ anxieties seems to be the cost of living. Despite a recent bump in purchasing power, a great number of respondents across most age demographics expressed pessimism about their ability to keep up with rising prices, real or perceived.
Indeed, a majority of respondents (65%) said that their incomes were not keeping up with the cost of living. This is the 14th straight quarter that 65% or more of respondents have responded as such. Fifty-one percent of respondents reported feeling stressed about the rising cost of living, respectfully.
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