The share of Americans who say is causing them financial hardship has risen from 49 percent in January to 56 percent, with forcing 69 million households to make cutbacks, a survey revealed on Wednesday.
The Gallup survey found that ever-more wealthy and middle-class families were feeling the pinch from inflation, forcing them to spend less on groceries and other basics, drive less and cancel vacations.
A worrying 12 percent of the survey’s 1,570 respondents said they were experiencing ‘severe hardship’ that was lowering their standard of living — a rise on the 9 percent who said so at the start of 2022.
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