Following a year marked by record inflation, rising interest rates and a volatile stock market, many Americans found themselves in a worse financial situation at the start of 2023.
In fact, 50% of Americans said they are worse off than they were a year ago, according to a Gallup poll conducted in January, only the second time since the poll launched in 1976 that 50% or more Americans gave that response. The first was during the Great Recession in 2008 and 2009.
Only 35% of respondents said they are financially better off than they were a year ago, according to the latest Gallup poll. But prior to the COVID-19 pandemic in 2020, “Americans were almost three times as likely to say they were better off (59%) as worse off (20%),” Gallup noted. That indicated one of the highest ratings for those who said they were better off.
Read more at Foxnews.com
What Are Your Thoughts?
