The Economic Times

Rising household costs undermine economic mobility, push Americans to delay major life decisions: McKinsey

Rising living costs are a significant barrier to economic mobility impacting many Americans' financial security and aspirations. About 60 percent of Americans identify affordability pressures, especially food and grocery expenses, as major obstacles. Younger adults prioritize careers and mental health, while parents focus on their children's opportunities. Many individuals connected to their communities feel more in control of their future.