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Weakening incomes add new strain to households already hit by high prices

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2 hours ago

For months, Americans have voiced frustration over the stubbornly high cost of living.But economists say a more troubling shift is emerging: consumers are increasingly reporting that their incomes aren’t keeping up with the financial pressures they face.AS THE HOLIDAYS APPROACH, THANKSGIVING BECOMES TRUMP'S ECONOMIC TESTJoanne Hsu, director and chief economist of the University of Michigan’s Surveys of Consumers, says the change is showing up more clearly in recent readings."Consumers have been expressing frustration from high prices consistently for the past several years; what makes this sea...

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