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Continual inflation has hurt Americans, with roughly two-thirds of them reporting their wages cannot keep up, according to the most recent CNBC All-America Economic Survey.
Only 5% of Americans say their household income is outpacing inflation, with 67% stating it is falling behind and 26% saying it is keeping up, according to CNBC.
The vast majority of the public is adjusting their spending habits and lifestyles due to inflation, with 81% saying they are taking measures like reducing entertainment spending and travel or dipping into savings to cover expenses.
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