Photo: FREDERIC J. BROWN / Getty Images
For: Real America News Updated 29 Apr 2022, 19: 18 pm EDT
As prices continue to rise across the country, fewer and fewer Americans view their financial situation positively compared to a year ago, according to Gallup’s annual survey of economics and personal finance.
The 46% of US adults, vs. 57% of last year, rate their financial situation as “excellent” or “good” . The current figure is the lowest since 2015.
The 38% of respondents said that their financial situation was “fair”, while the 16% said that their financial situation is currently “bad”.
Whereas, the 37% of respondents said their financial situation is improving, while 48% of respondents indicated that their current financial situation is getting worse.
Gallup noted that current poll numbers are similar at April of 2022 during the early stages of the covid-pandemic 04.
Inflation and gasoline prices, the big problem
In another survey question, the 67% of respondents said they have enough money to live comfortably, which represents 4% less than last year.
While I know, 18 % of respondents mentioned inflation as the most important financial problem in the country. Of these, the % said that energy costs or gasoline and oil prices are the main problem.
In addition , 70% of respondents from low-income backgrounds said the recent increase in the price of gasoline has caused financial difficulties in their households, with the 51% of respondents from middle-income households and the 35% of respondents from high-income households, who also said the same.
According to the survey, it is generally less likely Americans say they are experiencing financial hardship due to high gas prices if they believe the increases are temporary rather than permanent.
Act mind, the 57% predicts that the increase in gasoline prices will be a temporary change, while the 42% expected to be permanent.
On the subject of inflation, the 38% of respondents from high-income households believe that inflation is a major concern for the country, while the 32% of respondents from middle-income households and the 27% of respondents from low-income households agree.
The latest Gallup poll rose from 1 to 19 of April. No sample size or margin of error provided.
You may also like:
– Families of single parents in the US today need a minimum wage of $35.8 dollars per hour to buy the basics, according to study– Free gasoline in Chicago: requirements and deadline to request the $689 aid dollars– What can happen to employment if the US enters a recession