Beyond just the monthly/yearly changes are the cumulative affects of those changes and disparities of wage stagnation with record inflation over time. Increased rent/housing costs are also a massive factor.

Not even counting the number of households who are at credit card and other debt limits at close to 30% interest. Trump has given some lip service to trying to get this down to 10%, but it'll really take congress to make anything happen that has a chance of sticking.

A lot of people are very underwater.