(Washington, DC) — A new Gallup poll finds inflation is causing financial hardship for 45-percent of U.S. households.
From gallup.com:
These results are from Gallup’s Nov. 3-16 probability-based web panel survey.
Lower-income households are most likely to have experienced financial hardship due to price increases. Seventy-one percent of those living in households making less than $40,000 a year say that recent price hikes have caused their family financial hardship. That compares with 47% of those in middle-income households and 29% in upper-income households.
Moreover, 28% of lower-income Americans describe the hardship they are experiencing as severe and affecting their ability to maintain their current standard of living.
While the majority of U.S. adults without a college degree (54%) describe price increases as causing financial hardship for themselves or their family, 30% of those with a college degree say they have experienced the same.
There are modest differences in inflation-related hardship along partisan lines, with Democrats (37%) less likely than Republicans (53%) or independents (49%) to say they have experienced it. However, similar percentages of Democrats (8%), Republicans (11%) and independents (11%) say they are facing severe financial hardship because of higher prices.
Read more here: https://news.gallup.com/poll/357731/inflation-causing-hardship-households.aspx