{"id":111849,"date":"2025-11-26T15:08:10","date_gmt":"2025-11-26T20:08:10","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/weakening-incomes-add-new-strain-to-households-already-hit-by-high-prices-111849"},"modified":"2025-11-26T15:08:10","modified_gmt":"2025-11-26T20:08:10","slug":"weakening-incomes-add-new-strain-to-households-already-hit-by-high-prices","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/weakening-incomes-add-new-strain-to-households-already-hit-by-high-prices-111849","title":{"rendered":"Weakening incomes add new strain to households already hit by high prices"},"content":{"rendered":"
\n

For months, Americans have voiced frustration over the stubbornly high cost of living.<\/p>\n

But economists say a more troubling shift is emerging: consumers are increasingly reporting that their incomes aren\u2019t keeping up with the financial pressures they face.<\/p>\n

AS THE HOLIDAYS APPROACH, THANKSGIVING BECOMES TRUMP’S ECONOMIC TEST<\/strong><\/a><\/p>\n

Joanne Hsu, director and chief economist of the University of Michigan\u2019s Surveys of Consumers, says the change is showing up more clearly in recent readings.<\/p>\n

“Consumers have been expressing frustration from high prices consistently for the past several years; what makes this season different is that consumers are also increasingly mentioning weakening incomes as well,” Hsu told Fox News Digital.<\/p>\n

“This year, they are reporting pressures on their pocketbooks from multiple sources,” she added.<\/p>\n

That sense of mounting pressure is backed up by recent analysis.\u00a0<\/p>\n

According to the Bank of America Institute<\/u><\/a>, inflation has risen faster than middle- and lower-income households\u2019 after-tax wages since January 2025.<\/p>\n

As a result, nearly one in four U.S. households is now living paycheck to paycheck<\/a>, a number that has grown during the past year.<\/p>\n

NEARLY 1 IN 4 AMERICAN HOUSEHOLDS LIVING PAYCHECK TO PAYCHECK, REPORT REVEALS<\/strong><\/a><\/p>\n

What that means is that the erosion of purchasing power is pushing more Americans to the edge of their budgets, making it harder to keep up, let alone get ahead.<\/p>\n

That growing strain presents a political challenge for President Donald Trump<\/u><\/a>, who returned to the White House on promises of greater affordability. He is now confronting voter doubts about whether he can deliver.<\/p>\n

A Fox News national survey<\/u><\/a> shows 76% of voters now rate the economy negatively, up sharply from 67% in July and 70% at the end of former President Joe Biden<\/u><\/a>‘s term.<\/p>\n

Trump\u2019s economic approval has also slipped to a new low, and his overall job approval has climbed to record levels of disapproval, even among voters who have historically backed him.<\/p>\n

For now, the daily reality for many Americans remains the same: prices feel too high, paychecks feel too thin and confidence in the future is fragile.\u00a0<\/p>\n

How quickly that changes and whether voters give Trump credit for it may determine the tone of the country\u2019s economic and political debate in the months ahead.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/politics\/prices-remain-high-bigger-worry-now-falling-incomes <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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