Half of Americans Feel the Pinch: Personal Finances Worsen Since 2020 Despite Inflation Easing A Yahoo Finance article revealed a significant decline in consumer confidence among American families earning under $100,000. Despite the inflation rate dropping to 3.4% in December 2023 from a peak of 7.2% in December 2021, high interest rates have escalated the cost of mortgages, credit card debt, car loans, and other expenses. The Federal Reserve’s aggressive rate hikes, peaking at 5.25-5.5%, have intensified financial burdens. Although average hourly earnings rose by 15% from December 2020 to December 2023, inflation outpaced wage growth, affecting the ability of many to afford necessities « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Over 80,000 Global Enthusiasts Flock to HongKong’s Twin Jewellery Shows READ MORE Inflation No Match for Casino Wins: U.S. Gaming Industry Sees Historic Highs in 2023 READ MORE The Great Cash-Out: Billionaires Have Sold a Combined $11 Billion in Company Stock This Month READ MORE The TRUTH About Costco Gold Bars READ MORE Cryptocurrency Market Climbs Over $2 Trillion, Led by Bitcoin READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment