Which city has the worst inflation problem?

Inflation increased in July, according to the Bureau of Labor Statistics. The consumer price index (CPI) rose 0.2% in July compared with last month, while it was up 2.7% from a year ago. LiveNOW's Andy Mac spoke about which cities have the biggest inflation problems with Chip Lupo from WalletHub.

The Brief

New Bank of America data shows 24% of U.S. households now live paycheck to paycheck, driven mainly by rising financial strain among lower-income earners.

Wage growth has slowed sharply for lower-income households, while higher-income groups continue to see stronger gains, helping them absorb rising inflation.

The South and West still have the highest shares of paycheck-to-paycheck households, but the biggest increases this year occurred in

See Full Page