Weakening incomes add new strain to households already hit by high prices
For months, Americans have voiced frustration over the stubbornly high cost of living.But economists say a more troubling shift is emerging. Consumers are increasingly reporting that their incomes aren’t keeping up with the financial pressures they face.Joanne Hsu, director and chief economist of the University of Michigan’s Surveys of Consumers, says the change is showing up more clearly in recent readings."Consumers have been expressing frustration from high prices consistently for […]
