A recent survey by the U.S. Census Bureau found that over 57% of Americans experienced difficulty affording household expenses, highlighting the emotional toll of rising prices.
In New York, goods and services were about 7.6% more expensive than the national average in 2022, contributing to significant financial strain among households.
As inflation remains above the Federal Reserve's 2% target, the varying cost of living across the U.S. continues to impact American families differently, especially in cities.
Despite recent declines, the Consumer Price Index shows inflation peaked at 9.1% in June 2022, affecting overall affordability significantly across the United States.
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