Housing, Food Costs Make Up Half of Americans’ Spending, Most in 15 Years

In 2025, housing and food expenditures accounted for almost half of US household budgets, marking the highest proportion in 15 years. This surge is driven by escalating rents, higher homeowner expenses, and rising beef prices. This trend underscores the growing financial strain on average Americans, highlighting the need for policy measures to address these escalating costs and ensure more affordable living conditions. For a detailed analysis, check out the full report on Bloomberg.