According to the Consumer Price Index, prices increased by 7.9% between February 2021 and February 2022, the most pronounced increase recorded in 40 years. The February figures marked the 10th month in a row with year-over-year price growth of more than 5%. In dollars, American households are paying an average of $435 dollars per month more for their usual expenses than they did at the beginning of 2021.
Next, we share the 10 states where people are struggling the most to cover their expenses, according to data from Money Talks News:
–Alabama
–Adults who had difficulty paying usual expenses: 64.0%
–Adults who had food insufficiency : 45.2%
–Adults who had loss of income: 19.9%
–Households in arrears on housing payments: 10.2%
9–Texas
–Adults who had difficulty paying usual expenses: 64.2%
–Adults who had food insufficiency: 41.5%
–Adults who had loss of income: 21.3%
–Households behind in payments of the House: 10.2%
8–South Carolina
–Adults who had difficulties in paying usual expenses: 60.8%
–Adults who had food insufficiency: 44.2%
– Adults who had loss of income: 19. 9%
–Households in arrears on housing payments: 12.6%
7–Louisiana
–Adults who had difficulty paying usual expenses: 62.4%
–Adults who had food insufficiency: 36.4%
–Adults who had loss of income: 22.7%
–Households in arrears on housing payments: 15.1%
6–New Jersey
–Adults who had difficulty paying usual expenses: 63.5%
–Adults who had food insufficiency: 37.8%
–Adults who had loss of income: 21.two%
–Households behind in housing payments: 17.one%
5–Oklahoma
–Adults who had difficulty paying usual expenses: 61. 4%
–Adults who had food insufficiency: 39.0%
–Adults who had loss of income: 22.4%
–Households in arrears on housing payments: 14.4%
4–New Mexico
–Adults who had difficulty paying usual expenses: 65.7%
–Adults who had food insufficiency: 41.1%
–Adults who had loss of income: 20.8%
–Households in arrears on housing payments: 11.8%
3–Arkansas
–Adults who had difficulty paying usual expenses: 66.8%
–Adults who had food insufficiency: 50.0%
–Adults who had loss of income: 20.2%
–Households in arrears on housing payments: 11.3%
2–Nevada
–Adults who had difficulty paying usual expenses: 61 .0%
–Adults who had food insufficiency: 44.4%
–Adults who had loss of income: 25.1%
–Households in arrears on housing payments: 12.0%
1–Mississippi
–Adults who had difficulty paying expenses habitual: 70.9%
–Adults who had food insufficiency: 49.9%
–Adults who had loss of income: 20.7%
–Delayed households in housing payments: 20.6%
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