- 38.5% of American adults struggle to pay for usual home expenses, up from 34.4% last year.
- Residents in lower income states such as Louisiana and Mississippi face the largest budget problems.
- Over 25 million households have turned to credit cards or loans to cover expenses.
- The average interest rate on credit card debt now exceeds 20%.
Almost 90 Million American Adults Struggle to Make Ends Meet, Census Says
More Americans struggle to meet expenses now than in the immediate aftermath of the Covid-19 pandemic, when millions lost their means of employment, a Census Bureau survey showed.
Alexandre Tanzi
