Recession watch: More Americans struggling to pay their bills, Census Bureau reports
Fox News
A higher share of Americans are reporting difficulty paying their bills as inflation soars and experts fear a long recession could be looming for the American economy.
Michael Lee is a writer at Fox News. Follow him on Twitter @UAMichaelLee
The U.S. Census Bureau survey, conducted between June 29 and July 11, found that over 48 million American households had a "somewhat difficult" time meeting their household expenses and over 43 million had a "very difficult" time. Another 58 million households were having a "little difficult" time meeting expenses.
The roughly 90 million households having a somewhat or very difficult time meeting expenses represents the highest measure the Census Bureau has found since it started asking the question nearly two years ago, up from about 60 million at this time last year.
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