Most Americans Now Say They Are Feeling the Effects of Inflation
- 2 years ago
Most Americans Now Say , They Are Feeling the Effects of Inflation.
NBC News reports that according to a Gallup survey released this week, 56% of Americans are experiencing financial hardship caused by inflation. .
Of that 56%, 12% described the effects as "severe," while 44% said they were "moderate.".
Factors ranging from the pandemic
to the war in Ukraine have caused gas,
food and housing prices to skyrocket. .
Factors ranging from the pandemic
to the war in Ukraine have caused gas,
food and housing prices to skyrocket. .
Factors ranging from the pandemic
to the war in Ukraine have caused gas,
food and housing prices to skyrocket. .
63% of middle-income households, those that make $48,000-$89,000 a year, are struggling.
40% of upper-income Americans
reported financial hardships as well.
To cope with increased prices, 24% of respondents said they've cut spending.
17% are traveling and driving less
and canceling vacations.
12% have switched to purchasing
generic goods, and 10% are eating out less.
12% have switched to purchasing
generic goods, and 10% are eating out less.
Only 7% said they were trying to offset expenses by working more hours or finding new or second jobs. .
Last month, a survey released by the Federal Reserve Bank of New York found that Americans wouldn't take less than $72,873 in annual wages to start a new job.
Before the pandemic, that figure was $61,700
NBC News reports that according to a Gallup survey released this week, 56% of Americans are experiencing financial hardship caused by inflation. .
Of that 56%, 12% described the effects as "severe," while 44% said they were "moderate.".
Factors ranging from the pandemic
to the war in Ukraine have caused gas,
food and housing prices to skyrocket. .
Factors ranging from the pandemic
to the war in Ukraine have caused gas,
food and housing prices to skyrocket. .
Factors ranging from the pandemic
to the war in Ukraine have caused gas,
food and housing prices to skyrocket. .
63% of middle-income households, those that make $48,000-$89,000 a year, are struggling.
40% of upper-income Americans
reported financial hardships as well.
To cope with increased prices, 24% of respondents said they've cut spending.
17% are traveling and driving less
and canceling vacations.
12% have switched to purchasing
generic goods, and 10% are eating out less.
12% have switched to purchasing
generic goods, and 10% are eating out less.
Only 7% said they were trying to offset expenses by working more hours or finding new or second jobs. .
Last month, a survey released by the Federal Reserve Bank of New York found that Americans wouldn't take less than $72,873 in annual wages to start a new job.
Before the pandemic, that figure was $61,700