Posted 3/18/2024, 8:08:09 PM
Most Americans Living Paycheck to Paycheck as Mortgage Rates Rise and Wage Growth Slows
- 78% of Americans live paycheck to paycheck and could face hardship if late on a paycheck
- Mortgage refinancing has dropped to just 1% as rates near multi-decade highs
- Homebuilder confidence rose in March to highest since July despite affordability issues
- New York regional business activity stabilized in March after months of decline
- Wage growth slowed slightly in New York/New Jersey while employment was flat
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