H&R Block’s 2024 Outlook on American Life Report Reveals Most American’s Income Is Outpacing Inflation But Debt Threatens Future Prosperity
H&R Block, Inc. (HRB)
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Source: GlobeNewswire
KANSAS CITY, Mo., Nov. 12, 2024 (GLOBE NEWSWIRE) -- According to H&R Block’s 2024 Outlook on American Life report released today, Americans are optimistic about their economic mobility, and the data shows they have reason to be. The fourth annual report from H&R Block (NYSE: HRB) details how most Americans (66%) across income levels and generations feel optimistic about their income growth, retirement prospects, and ability to maintain financial stability—despite the threat of unmanageable debt. The analysis from this year’s Outlook on American Life report draws upon anonymized, aggregated tax return data from the 11.4 million tax filers who H&R Block tax professionals assisted virtually or in one of 9,000 offices during tax season 2024. Tax returns from the past 25 years were also utilized to identify historical income trends across generations. The report also includes findings from four nationwide surveys of 7,852 Americans fielded between July and August 2024 to gather per
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