Most Americans Gloomy on Finances With High Inflation Driving up Costs
-
63% of Americans do not expect personal finances to improve in 2024, with 26% expecting deterioration and 38% expecting no change
-
High inflation cited as top obstacle; prices still notably higher than 2-3 years ago
-
Households spending $650 more per month than 2 years ago due to high prices
-
Low-income Americans disproportionately impacted by inflation
-
Americans burning through savings, increasingly relying on credit cards to cover basic expenses