Even as inflation continues to cool into the second half of 2024, many Americans say they’re still struggling to make ends meet.
Roughly one-third of U.S. workers say they’re living paycheck to paycheck and have nearly no money for savings after paying their monthly bills, according to a survey from personal finance website Bankrate.
Inflation can cool down all it wants, it’s reported year on year so prices are still much higher than 5 years ago while wages haven’t increased, deflation or huge wage increases would be necessary to make it so people would have their purchasing power back.