BMO Real Financial Progress Index: 82% of American Parents Say Costs are "Out of Control"

A BMO Real Financial Progress Index survey suggests affordability pressures are widespread: nearly 4 in 5 Americans question how others can afford to have families, and 3 in 4 parents say extended-family financial support is essential to fund opportunities for their children. The findings point to ongoing strain on household finances rather than a rebound in purchasing power.

Analysis

A BMO Real Financial Progress Index survey suggests affordability pressures are widespread: nearly 4 in 5 Americans question how others can afford to have families, and 3 in 4 parents say extended-family financial support is essential to fund opportunities for their children. The findings point to ongoing strain on household finances rather than a rebound in purchasing power.