(Bloomberg) Majority of Middle-Class Americans Say They Struggle Financially

Almost two-thirds of Americans considered middle class said they are facing economic hardship and don’t anticipate a change for the rest of their lives, according to a poll commissioned by the National True Cost of Living Coalition.

By many traditional measures, the US economy is strong, with robust labor, housing and stock markets, as well as solid gross domestic product growth. But the data don’t capture the financial insecurity of millions of households who worry about their future and are unable to save, according to the group, created this year to come up with cost-of-living tools that help gauge economic well-being.

In the large poll of 2,500 adults, 65% of people who earn more than 200% of the federal poverty level — that’s at least $60,000 for a family of four, often considered middle class — said they are struggling financially.

Almost two-thirds of Americans considered middle class said they are facing economic hardship, according to a poll. In the survey, 65% of people who earn at least $60,000 for a family of four said they are struggling financially https://t.co/hwHmjJCI6y

— Lisa Abramowicz (@lisaabramowicz1) June 4, 2024