: With red-hot inflation, more Americans are relying on credit cards to pay rent and buy food. But where you live also plays a role. Here’s why.

Last Updated: July 12, 2022 at 11:20 a.m. ET First Published: July 12, 2022 at 5:27 a.m. ET

Wealth inequality in the U.S. has continued to widen during the pandemic.

Are you a member of the 1% club? It takes at least $4.4 million to be in the top 1% of Americans with the most wealth, $6.8 million in California and $766,000 in Mississippi.

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Putting bread on the table is easier for some Americans than others.

More than three quarters of U.S. adults (78%) have little to no room to stretch their budget to cope with with rising inflation, according to a recent Forbes Advisor survey of 2,000 people. The reason? Most of their income is being spent on food and housing.

To make matters…

Wealth inequality in the U.S. has continued to widen during the pandemic.

Are you a member of the 1% club? It takes at least $4.4 million to be in the top 1% of Americans with the most wealth, $6.8 million in California and $766,000 in Mississippi.