Half Of Americans Say They Are Financially Worse Off, Highest Since 2009

  • Stubbornly high inflation has created severe financial pressures for most U.S. households, which are forced to pay more for everyday necessities like food and rent.
  • The burden is disproportionately borne by low-income Americans, whose already-stretched paychecks are heavily impacted by price fluctuations.
  • The Labor Department reported last month that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries, and rents, fell 0.1 percent in December but climbed 6.5 percent on an annual basis.
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