ThinkCivics News
Join ThinkCivics+
  • Culture & Society
  • Economy
  • Health
  • US News
  • Faith
  • Science & Tech
  • World News
No Result
View All Result
ThinkCivics News
  • Culture & Society
  • Economy
  • Health
  • US News
  • Faith
  • Science & Tech
  • World News
Join ThinkCivics+
No Result
View All Result
ThinkCivics News
Join TC+
Home Economy

Inflation Causing Hardship For 45% Of U.S. Households; Lower-Income Americans Most Affected: Gallup

Zero Hedge by Zero Hedge
December 2, 2021
in Economy
Reading Time: 2 mins read
0
0
Inflation Causing Hardship For 45% Of U.S. Households; Lower-Income Americans Most Affected: Gallup

As the peak of holiday shopping approaches and winter temperatures drive up heating costs across the U.S., 45% of American households report that recent price increases are causing their family some degree of financial hardship. Ten percent describe it as severe hardship affecting their standard of living, while another 35% say the hardship is moderate.

Lower-Income, Less Educated Americans Most Affected

Lower-income households are most likely to have experienced financial hardship due to price increases. Seventy-one percent of those living in households making less than $40,000 a year say that recent price hikes have caused their family financial hardship. That compares with 47% of those in middle-income households and 29% in upper-income households.

Moreover, 28% of lower-income Americans describe the hardship they are experiencing as severe and affecting their ability to maintain their current standard of living.

These results are from Gallup’s Nov. 3-16 probability-based web panel survey.

While the majority of U.S. adults without a college degree (54%) describe price increases as causing financial hardship for themselves or their family, 30% of those with a college degree say they have experienced the same.

There are modest differences in inflation-related hardship along partisan lines, with Democrats (37%) less likely than Republicans (53%) or independents (49%) to say they have experienced it. However, similar percentages of Democrats (8%), Republicans (11%) and independents (11%) say they are facing severe financial hardship because of higher prices.

Bottom Line

As Americans sail into peak holiday shopping season and winter temperatures bring bigger heating bills to much of the country, nearly half of U.S. adults already report that price increases are causing them financial hardship. For most, the problem is not a crisis — but lower-income households are feeling the impact more than others, with nearly three in 10 saying the hardship is severe enough that it is affecting their current standard of living.

Rising prices are expected to persist, meaning more Americans are likely to report hardship and those most vulnerable are likely to see things get worse before they improve.

This article was originally published by Zero Hedge. Read the original article.

Zero Hedge

Zero Hedge is a libertarian leaning financial blog.

www.zerohedge.com/
Tags: HardshipHouseholdsinflation
<

Related Posts

Joe Biden Accidentally Stumbles Upon the Truth About the ‘Inflation Reduction Act’

Joe Biden Accidentally Stumbles Upon the Truth About the ‘Inflation Reduction Act’

August 10, 2022
The 50 Most Radical Policies In ‘Inflation Reduction’ Act

The 50 Most Radical Policies In ‘Inflation Reduction’ Act

August 8, 2022

Here’s the Truth About What ‘Inflation Reduction Act’ Will Do

August 7, 2022

Sen. Kennedy Speaks for All of Us as He Takes Apart Dems for Passing Manchin-Schumer Bill

August 7, 2022
Load More
Next Post
American Heart Association issues warning on mRNA vaccines

American Heart Association issues warning on mRNA vaccines

CIA staffers committed sex crimes against children, but weren’t prosecuted, report says

CIA staffers committed sex crimes against children, but weren't prosecuted, report says

Over 42,000 Adverse Reaction Reports Revealed In First Batch Of Pfizer Vaccine Docs

Over 42,000 Adverse Reaction Reports Revealed In First Batch Of Pfizer Vaccine Docs

TODAY'S TOP STORIES

  • Doorbell camera catches deliveryman’s unfiltered response to an Anti-Biden doormat and it’s perfect

    Doorbell camera catches deliveryman’s unfiltered response to an Anti-Biden doormat and it’s perfect

    0 shares
    Share 0 Tweet 0
  • New Details About the Mar-a-Lago Raid Are Truly Stunning, If True

    0 shares
    Share 0 Tweet 0
  • ‘Get her!’: Woman brings traffic to a halt starting a fight, then tries running away before eating pavement

    0 shares
    Share 0 Tweet 0
  • New Details About Judge Who Approved Mar-A-Lago Raid Raises All Sorts of Red Flags

    0 shares
    Share 0 Tweet 0
  • Comedian Rob Schneider Reacts to Latest Biden Blunder: ‘Forget Climate Change, This Guy’s Brain No Longer Works’

    0 shares
    Share 0 Tweet 0

‘Preserve Your Documents’: McCarthy Threatens AG Merrick Garland With Investigation After FBI Raid Of Trump’s Home

by The Political Insider
August 10, 2022
0
‘Preserve Your Documents’: McCarthy Threatens AG Merrick Garland With Investigation After FBI Raid Of Trump’s Home
National Security

House Minority Leader Kevin McCarthy, expressing frustration with yesterday’s FBI raid of former President Donald Trump’s Mar-a-Lago home, sent a...

Read more

‘Civil War’ trending on Twitter after FBI raids Trump’s Mar-A-Lago

by ThinkCivics Newswire
August 9, 2022
0
National Security

FBI agents raided former President Donald Trump’s Mar-A-Lago club in Palm Beach, Fla. on Monday night. Among the wide ranging reactions from...

Read more

‘Some Third World Bulls***’ – Dan Bongino Goes Ballistic On Fox News Over FBI Raid of Trump’s Home

by The Political Insider
August 9, 2022
0
‘Some Third World Bulls***’ – Dan Bongino Goes Ballistic On Fox News Over FBI Raid of Trump’s Home
National Security

Fox News weekend host Dan Bongino, a former Secret Service agent, unleashed his anger over the FBI raid of former...

Read more

‘What Are Y’all Doing?’: Cruz Scorches FBI Director for Targeting Patriotic Symbols

by ThinkCivics Newswire
August 4, 2022
0
‘What Are Y’all Doing?’: Cruz Scorches FBI Director for Targeting Patriotic Symbols
National Security

In Thursday's Senate Judiciary Committee hearing with FBI Director Christopher Wray, Texas Republican Senator Ted Cruz took Wray to task...

Read more
Joe Biden Accidentally Stumbles Upon the Truth About the ‘Inflation Reduction Act’
Economy

Joe Biden Accidentally Stumbles Upon the Truth About the ‘Inflation Reduction Act’

by RedState
August 10, 2022
0

Perhaps because they know kitchen table issues like the economy and inflation are typically the top priorities for voters come...

Read more
The 50 Most Radical Policies In ‘Inflation Reduction’ Act
Economy

The 50 Most Radical Policies In ‘Inflation Reduction’ Act

by ThinkCivics News Staff
August 8, 2022
0

Rep. Jim Banks (R-IN) has laid out the 50 most radical policies in the Inflation Reduction Act. Banks, the chairman...

Read more
Here’s the Truth About What ‘Inflation Reduction Act’ Will Do
Economy

Here’s the Truth About What ‘Inflation Reduction Act’ Will Do

by The Daily Signal
August 7, 2022
0

As Senate Democrats achieve their goal of jamming  through the so-called Inflation Reduction Act, reality is becoming clear: The bill...

Read more
Sen. Kennedy Speaks for All of Us as He Takes Apart Dems for Passing Manchin-Schumer Bill
Economy

Sen. Kennedy Speaks for All of Us as He Takes Apart Dems for Passing Manchin-Schumer Bill

by RedState
August 7, 2022
0

It’s hard to believe that the Democrats passed a huge tax and spend bill in the middle of a recession....

Read more
Facebook Twitter RSS

Brilliantly

SAFE!

thinkcivics.com

Content & Links

Verified by Sur.ly

2022

Recent News

  • Nonprofit organization exposed for secretly pushing gender ideology on your young children: report
  • CDC Admits Scary Truths About Vaccine
  • Do These 4 Things to Help Secure Your Online Life

Category

  • Culture & Society
  • Economy
  • Editorials
  • Education
  • Elections
  • Energy
  • Environment
  • Faith
  • Health
  • Immigration
  • Military
  • National Security
  • Politics
  • Science & Tech
  • US News
  • Videos
  • World News

© 2022 ThinkCivics Media. All Rights Reserved.

  • Login
  • Sign Up
  • Cart
No Result
View All Result
  • Home
  • About
  • Store
  • Contact Us
  • Join
  • Contribute

© 2022 ThinkCivics Media. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.