Nearly four-in-10 Americans are concerned about having enough money to pay all of their bills on time, according to a new report, which is an even higher percentage than during the Great Recession of 2008-09.
The poll, from CNN, found that 39% of Americans worry about paying their bills most or all of the time. That’s a 33% increase since the worst days of Bidenflation, higher than the 37% during the 2008 crisis, when joblessness was nearly 10%.
Inflation during the Biden-Harris administration has reached new heights in the modern era, and while it has eased somewhat in recent months, it remains stubbornly high, raising the costs of food, gasoline, housing, and other basic amenities like utilities. CNN added that “consumers are still trying to catch up to the price spikes of the last few years.”
The Daily Signal, citing the survey, added:
Still trying to catch up is an understatement. The gap between nominal wages and inflation-adjusted wages since 2021 is more than 20%. So, it looks like you’re making a lot more, but even accounting for official inflation, workers have lost thousands in income.
