The overall cost of living has climbed at a historic pace in recent years, causing over 57% of Americans difficulty affording household expenses, with 93% experiencing stress from higher prices.
In North Carolina, despite a lower average cost of living that is about 5.8% less than the national average, 56.7% of households still reported difficulty with household expenses.
Consumer prices vary considerably across the country, with major U.S. metro areas facing an 11.4% higher cost of living than rural areas.
Although inflation has been falling, the Consumer Price Index remains above the Federal Reserve's target of 2%, indicating ongoing financial challenges for American families.
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