Inflation’s Impact on U.S. Consumers Leveling Off

A majority of Americans, 55%, say rising prices have caused financial hardship for their household. This percentage is essentially unchanged from August after increasing in two prior measurements. A steady 13% of Americans say higher prices are causing a severe hardship for their family. …

As would be expected, inflation has taken a greater toll on lower-income Americans — more than three-quarters of whom say they have experienced hardship because of rising prices. No less than 66% of lower-income Americans have reported financial strain from inflation over the past year, with the current reading the highest measured to date. CONTINUED

Jeffrey M. Jones, Gallup


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