Households are spending faster than their incomes are growing while expecting significant cost increases in unavoidable expenses like rent and medical care, indicating consumer financial stress

"people have been spending faster than their incomes are growing, which can't go on forever... households expect medical costs to rise 9.4% and rent to rise 8.3% over the next year. The cheap-energy relief that made this week's headlines does absolutely nothing for the bills people can't avoid."