Compared with last year, we’re paying more for food, energy and nearly everything else tracked in the U.S. Bureau of Labor Statistics’ Consumer Price Index.
While you might feel like you’re drowning financially and can’t catch up, here are five signs you’re doing better than many North Carolinians:
- Your household earns more than $72,388 a year, the state’s median household income.
- Your credit score tops 707, North Carolina’s average.
- You carry less than $7,487 in credit card debt — or, even better, pay off your balance each month.
- You owe less than $61,100 total, including mortgages, car loans, student loans and credit cards. That’s the average debt per adult in our state.
- You have more than $69,000 saved for retirement, North Carolina’s median balance.
Hit all five? You’re not just keeping up — you’re financially ahead of the average North Carolinian.
But remember: Age, income and whether you own a home can dramatically affect these comparisons. The real test is whether your debt is shrinking and your savings are growing.
