Middle- and Working-Class Struggle With Inflation and Rising Costs Despite Higher Wages in Some Cities
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Middle- and working-class families enjoy the best standard of living in some expensive U.S. cities like San Francisco due to higher wages, despite high costs.
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About 6 in 10 Americans are failing to meet basic needs, with incomes short by $14,000 on average in 2022.
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Inflation has hit low- and middle-income Americans harder than upper-income groups.
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Housing inflation is much higher for middle- and lower-income groups than the national Consumer Price Index measure.
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Sharing economic growth more evenly is key to maintaining the middle class and a stable society.