These days, only 12% of Americans consider themselves wealthy, including just 29% of millionaires. Some go so far as to say they’re poor.
has made everything more expensive. Households are facing surging childcare costs, ballooning auto loans, high mortgage rates and record rents.spiked to at an all-time high, while the personal savings rate fell.has been decades in the making, according to Mark Hamrick, Bankrate's senior economic analyst.
"Structural or long-term changes have been injurious to Americans' ability to manage their personal finances," he said. "Where there was a time in the U.S. when a married couple, with children, could get by with a single-wage earner in the house, those days are mostly vestiges of the past." Money continues to be the No. 1 source of stress among households, Van de Loo added. "The last couple of years just lit a match to those concerns."
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