Americans spending 30% more than they earn - financial experts reveal why this spells trouble
Key Points
- Half of Americans find their hometowns unaffordable, particu...
Half of Americans think their hometown is about as affordable as a luxury yacht rental, and the numbers back up their pessimism. While inflation dropped from its terrifying 9.1% peak three years ago, July's core inflation just climbed to 3.1% - still a solid 50% above the Fed's 2% target. It's like being told your fever went down, but you're still running hot enough to fry an egg.
The latest Yahoo Finance/Marist Poll dropped some eye-opening data: nearly half of Americans view their local cost of living as somewhere between "not very affordable" and "completely impossible." But here's where i...
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