Over half of Americans say their finances are worsening, Gallup finds
Summary
A Gallup poll found that 55% of Americans feel their financial situation is getting worse. Many people are worried about paying bills, credit cards, retirement, and college costs, with rising prices making life harder.Key Facts
- 55% of Americans say their finances are worsening, a record high since Gallup began asking in 2001.
- The poll was done with 1,001 adults from April 1-15.
- High costs include inflation, energy, housing, health care, college, transportation, and childcare.
- About 13% mentioned rising oil and gas prices as a concern, up 10 points from last year.
- Gas prices recently hit $4.18 per gallon, the highest since the Iran war began.
- 62% fear not having enough money for retirement, up 3 points from last year.
- 28% worry about paying credit card minimums, an 11-point rise since 2021.
- Many Americans worry more about running out of money than dying, according to a retirement study.
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