According to a Gallup poll that was published last month, 56% of Americans indicate that inflation is causing financial problems for their households.
This marks an increase from the figures recorded in November (45%) and January (49%).
According to this report, 12% of those who are facing financial hardship as a result of inflation believe that the hardship is “severe”, while 44% believe it’s “moderate.”
Americans making lower amounts of money are more likely than other Americans to be experiencing severe economic hardship.
26% of Americans whose annual household income is less than $48,000 believe inflation is bringing about severe hardship for their families. Only 12% of middle-income Americans and 4% of upper-income Americans share these views.
Americans making middle-incomes (63%) and upper-incomes