Middle-income household purchasing power declined in April 2024, primarily due to a 12% increase in gas prices.
Middle-income households' purchasing power declined for the fourth consecutive month in April 2024, with the Primerica Household Budget Index at 100.1% (down from 100.5% in March). The decline is mainly due to a 12% increase in gas prices over two months. The index, which tracks necessities and earned income, measures purchasing power for families with incomes between $30,000 and $130,000.
May 30, 2024
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