Posted 1/30/2024, 8:36:00 PM
High Inflation Still Causing Financial Pain for Most Americans, Especially Lower-Income Households
- Americans feel slightly better about the economy, but 63% still say high inflation is causing financial hardship
- Food, shelter, and energy costs are up significantly (33.7%, 18.7%, and 32.8% respectively) since 2021
- Lower-income households are disproportionately burdened by inflation compared to middle- and higher-income ones
- The typical household is paying $211 more a month for the same goods/services due to high inflation
- 50% of Americans say their financial situation has worsened since Biden took office, spelling potential trouble for his reelection