Around 66% of non-homeowners in the US are now doubting if they will ever be able to afford a house
A February poll among 2,589 adults reveals a deepening sense of financial strain across the United States, with 66% of non-homeowners now doubting they will ever afford a home.
Despite President Donald Trump’s claims of a “roaring economy” during his recent address, 53% of the ABC News/Washington Post/Ipsos poll respondents say they make “just enough to maintain” their standard of living.
Other areas that have become “unaffordable” are buying a new car (74%), a weeklong vacation (60%), and health care (56%).
Nearly 50% of the people say dining out for dinner is unaffordable, and 45% felt the same about groceries, home energy, and utilities.
However, 71% said gasoline and 60% said their rent or mortgage is affordable. Around 41% of non-homeowners making over $100,000 annually say they could buy a house in the future.
Debt also remains a pervasive burden, with 46% of Americans carrying credit card, student, or medical balances. The survey also found that financial anxiety is highest among parents, women, and those under 50.
These economic frustrations are shaping the political landscape ahead of the midterm election.