30 Statistics That Prove Average Americans Are Being Financially Destroyed

Even though most Americans have been struggling financially over the past few years, not everyone has been doing badly during the current economic turmoil. In fact, there are some households that are doing exceptionally well.

Some articles point out that companies that cater to average Americans are doing quite poorly right now while companies that market luxury goods and services are reporting massive profits. However, overall consumer spending has been slowing down.

It looks like the majority of U.S. workers either can't spend a lot of money right now or are very hesitant to. At the same time, there is a substantial number of Americans who are splurging confidently on the finer things in life.

In 2024, life is dramatically different depending on whether you belong to the "haves" or the "have-nots." These disparities are rooted in the widening wealth gap, where the affluent are accumulating even more wealth, leaving the average worker with dwindling financial resources.