More Than Half Of American Workers Are Putting In More Hours Than They Did Six Months Ago To Stabilize Their Finances

Core Insights - More than half of Americans are working longer hours than six months ago due to the cost of living crisis, which has led to reduced spending and increased side hustles [1][4] - The number of U.S. consumers identifying as "financially unhealthy" has remained stable, indicating ongoing financial strain without short-term improvement [2][6] - Approximately 70% of consumers report that the cost of goods is rising faster than their incomes, contributing to the need for longer working hours [3][7] Economic Indicators - The consumer price index rose by 2.9% year-over-year in August, with food prices increasing by 3.2% during the same period [4] - The percentage of financially vulnerable consumers remains at 64%, unchanged from six months ago, while the figure for those feeling financially healthy is significantly lower [6][8] - The proportion of consumers stating that prices are rising faster than their incomes has improved slightly from 71% to 68% [7]