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More than half of US consumers now routinely end the month short of funds
A Credit One Bank survey found 57% of consumers are stretching paychecks, with rising costs and weak savings driving shortfalls.
- A new Credit One Bank survey reveals 52% of consumers find managing the cost of living has become harder, with many households running short before the month ends.
- Housing expenses, including rent and mortgage payments, represent the primary financial strain for families, while groceries remain a significant budget pressure for those struggling to keep up with monthly bills.
- Financial stress significantly impacts mental health for many consumers, according to the report, with 45% saying the pressure affects their wellbeing on a daily or regular basis.
- Facing these pressures, some consumers have skipped filling prescriptions or requested cheaper alternatives to manage their budgets, affecting their healthcare access.
- Younger adults feel housing pressure acutely, often delaying the start of adult life, as many individuals have abandoned major life plans because of limited financial flexibility.
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thepampanews.com+15 Reposted by 15 other sources
More than half of US consumers now routinely end the month short of funds
Credit One Bank reports that over 57% of U.S. consumers regularly end the month short of funds, driven by rising costs of essentials like groceries and housing.
·Pampa, United States
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Total News Sources16
Leaning Left3Leaning Right0Center13Last UpdatedBias Distribution81% Center
Bias Distribution
- 81% of the sources are Center
81% Center
L 19%
C 81%
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