Despite an improving economy that should be easing the financial struggles of all Americans, a growing number of low- and middle-income households are plagued by high debt and have little or no savings.
The financial strains have especially worsened for those near the bottom of the income ladder.
While wages for low- and middle-income Americans are rising, they're not keeping up with higher costs, like rent and utilities. That means these households aren't riding the hopeful trends lifting many families: unemployment tumbling to 4.1% today from 10% in 2009; debt levels close to record lows; climbing consumer confidence and spending.
Paul Davidson | USA TODAY