Oklahoma's economy continues to outperform the nation's as a whole, yet many families are already caught in the financial pinch of stagnant wages and rising costs. This brief and the fact sheet explore the main factors contributing to the economic squeeze on Oklahoma households and reviews some of the indicators revealing the extent and range of hardships confronting many families. With state tax collections already declining, it will be a great challenge to assist families in need if and when the national economic downturn hits Oklahoma.