Posted 4/8/2024, 8:09:00 PM
Cost of Living Jumps for Most Americans; Economy and Inflation Top 2024 Election Issues
- 69% of Americans say their cost of living has increased since 2020, with 86% of Republicans and 59% of Democrats saying so
- 80% of independents also reported increased cost of living since 2020
- Baby Boomers and Gen Xers more likely to report cost-of-living increases than Millennials and Gen Z
- Inflation has slowed after peaking in mid-2022 but may not hit Fed's 2% target until 2025
- The economy and cost of living will be key issues in 2024 election
