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Politics

Bidenflation: Majority of Americans Now Worry About Maintaining Their - Standard of Living

Posted: May 11th, 2022 - 1:44 pm

Fifty-two percent saw they are worried about their standard of living, up four points from 2020. This is the first time a majority has worried about being able to maintain their standard of living since 2016, Gallup said.

The worries are even more pronounced about lower-income Americans. The share of Americans earnings $40,000 or less who say they worried about maintaining their standard of living has soared 17 points 56 percent in 2021 to 73 percent today. It has increased six points to 52 percent among middle-income earners, defined as earning between $40,0000 and $100,000, and four points to 36 percent among the top income group.

Sixty-five percent of lower-income Americans say they worry about having enough money to pay their monthly bills, up 15 percentage points from a year ago. Fifty-nine percent say they worry about paying housing costs, including rent and mortgages, up 12 points from 2021. Seventy-five percent say they are worried they will not have enough saved for retirement, also up 12 points.



LINK/URL: Bidenflation: Majority of Americans Now Worry About Maintaining Their

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