Middle-class Americans Say Finances Are Tighter Than Ever. Here’s How To Beat The Odds.

A recent CBS News analysis confirms what many people have already heard: Today’s economic climate offers few opportunities for the middle class while the wealthy continue to move forward.

The findings are the result of a CBS News/YouGov survey of more than 2,400 US adults.

According to the survey, the respondents said that raising a family, finding a good job and buying a house are the most difficult things to do today. Here’s a closer look at the results.

Home ownership, job security and the wealth gap

The majority, 83%, of respondents say that buying a home is more difficult today than it was in previous generations.

The survey found that 52% of part-time and full-time employed Americans feel somewhat secure in their jobs, and only 28% feel very secure, down from 33% last fall.

And most expect it to be difficult to find the type of role they want. That’s only partly due to concerns about Artificial Intelligence (AI). Of those who think AI will disrupt the workforce, just over 60% believe it will reduce job availability.

To make matters worse, the majority of poll respondents (71%) feel that the income gap between the richest and middle class in America is widening. They also see opportunities growing for the rich while shrinking for the middle class.

What middle class Americans can do

For those looking to buy a home, check out both state and federal programs that offer assistance. Get pre-approved for a mortgage before you start shopping so you have an idea of ​​how big of a loan you’ll be getting. Also consider expanding your local search if remote work is an option.

At work, look to develop your complementary skills rather than compete with AI: critical thinking, complex problem solving, leadership and anything that requires real human judgment or relationship building. If your current role could theoretically be automated, think about what might make it harder to replace or more valuable in your industry.

Communication is also more important than ever when job markets are tightening. Stay in touch with your former colleagues.

For building wealth, the stock market remains one of the greatest estimators. The poll suggests this. People whose funds are closely linked to the market report the best funds. You can even start small automatic investments in cheap index funds, for example.

The key is to start and stay consistent.

Protect the basics first

The survey reveals clear differences in how Americans approach spending. Those in the lower income brackets report cuts and hardships. High earners say they will maintain their current pace of spending.

If you’re feeling stressed, focus on protecting yourself from financial shocks before worrying about building wealth. Learn about assistance programs for utilities, food and health care in your area. Many programs are not used simply because people do not know they are eligible.

The challenges are real for middle-class Americans trying to get ahead. But the survey also shows that views on rising prices are not as widespread as last fall, suggesting some in the public are starting to see inflation stabilizing.

In the meantime, build skills, maintain financial flexibility and stay informed about available programs.