Sunday, June 1, 2025

Latest

Americans Growing Increasingly Worried Over Maintaining Standard of Living as Inflation Surges

It appears that Americans’ optimism over their personal finances and the economy has taken a turn for the worse, as over half are gravely concerned they may not be able to make ends meet.

A recent Economy and Personal Finance poll conducted by Gallup shows that 52% of respondents are worried about maintaining their standard of living, marking a 7 point increase compared to the same period one year ago. Likewise, 40% of Americans reported they are uncertain about their ability to make monthly bill payments, while 63%, 35%, and 22% said they are concerned about their retirement savings, rent and mortgage payments, and credit card bills, respectively.

Source: Gallup

The survey, which was conducted in the beginning of April, also showed that respondents’ rating of their financial health slumped substantially since last year, with one-third now reporting inflation and energy costs as one of the main financial burdens facing their household. As expected, the increased worry was concentrated among those households in lower income thresholds, particularly those making less than $40,000 per year.

Almost three out of four poor American adults said they are worried about sustaining their standard of living, marking a 17-point increase since compared to last year’s survey results, while only 36% of wealthier respondents said they share similar sentiment.


Information for this briefing was found via Gallup. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

Recommended

Silver47 x Summa Silver: Creating An Explorer With A Billion Ounce Goal

Canadian Copper: The $172M Combined Strategy PEA

Related News

Michael Gentile: The Fed Wants Inflation To Be Very High – The Daily Dive

For our mid-week episode of the Daily Dive, we sit down with Michael Gentile, a...

Wednesday, June 16, 2021, 02:00:00 PM

Bill Ackman Doubles Down on Call for More Aggressive Interest Rate Hikes to Cool Inflation

Billionaire investor Bill Ackman is once again calling on the Federal Reserve to wake up...

Thursday, May 26, 2022, 12:33:00 PM

Quebec Hands Out Money… To Fight Inflation

In today’s class on How to Combat Inflation 101, we learn that the best way...

Wednesday, March 23, 2022, 11:17:00 AM

Joe Biden Unveils Vague Plan to Fight Inflation

With inflation persistently soaring to the highest in decades and the Putin blame-game failing to...

Wednesday, June 1, 2022, 11:37:00 AM

Skyrocketing Inflation Creating Financial Headaches for Almost 50% of American Households

Nearly half of American households reported they are directly facing worsening financial hardships due to...

Saturday, December 4, 2021, 11:00:00 AM