Nearly half of Americans say the rising cost of living is the greatest threat to financial security. (via CNBCMakeIt)
Meanwhile, the cost of living — including food, housing, education and medical costs — increased by 2.3% over the past year alone, according to the Bureau of Labor Statistics's. The cost of medical care rose 4.6% in 2019, the largest year-over-year increase since 2007, the BLS reports. Housing also jumped 3.2% last year, while education expenses rose 2.1% and food prices increased about 1.8%.
There's a "certain fragility" right now, Butch says. While the two biggest sources of significant financial disruption in the past, employment and investment performance, have receded, Americans are still feeling on edge because the markets and workforce will likely shift.
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