Income Falling Behind Cost of Living: A Growing Concern for 69% of Americans

Thursday, 16 October 2025, 14:24

Income is falling behind the cost of living as 69% of Americans express financial struggles, a significant increase from 50% five years ago. Despite top banks reporting a 19% rise in earnings collectively, many Americans are feeling the pinch. CBS News business analyst Jill Schlesinger sheds light on this alarming trend, revealing the disconnect between corporate profits and household finances.

Cbsnews — Income Falling Behind Cost of Living: A Growing Concern for 69% of Americans

Income Decline vs. Cost of Living

Despite a 19% rise in earnings reported by the six largest banks in the United States, new findings reveal that 69% of Americans indicate their income is falling behind the cost of living. This statistic reflects a significant increase from 50% five years ago.

The Financial Reality

According to CBS News business analyst Jill Schlesinger, this disparity highlights a growing concern for households across the nation. The rising cost of living continues to outstrip wage growth, leaving many Americans struggling to keep up.

Corporate Earnings Up 19%: Major banks report increased profits.
Financial Struggles: 69% of Americans report incomes not keeping pace with expenses.
Rising Costs: Inflation and increased living expenses impact household budgets.
Concerns Increased: This issue has worsened compared to five years ago.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.