Rising grocery prices remain the biggest financial concern for Americans, outpacing housing and healthcare costs, as persistent inflation continues to squeeze household budgets across income levels, new research shows.
A report from the McKinsey Institute for Economic Mobility and the W.K. Kellogg Foundation found that affordability has become the "defining challenge" for economic mobility in the United States. The survey of 30,000 Americans across income groups showed that 90% of respondents identified groceries and food prices as one of their biggest financial worries.
