Despite a strong job market and near record-low unemployment, 37 % of Americans say their personal finances have gotten worse in the last year, according to a new poll. Twice as many people now say their economic situation has worsened.
In happier times, Susan Morrison and her husband Calvin liked to vacation in their motor home. But they've had to park it this year because of the high cost of diesel fuel.In happier times, Susan Morrison and her husband Calvin liked to vacation in their motor home. But they've had to park it this year because of the high cost of diesel fuel.Susan Morrison knew something was wrong when she bought a new tub of cottage cheese.
Most blame the worst inflation the United States has seen in four decades. Consumer prices across the board rose 8.3% in August from a year earlier, aThanks inflation: almost everyone says they're cutting back and staying in "We love to vacation in our motor home," Morrison says."But we have not gone anywhere in our motor home at all this year because of the cost of diesel."
Lavender Justice, who works as a pizza delivery driver in suburban Atlanta, suffered a drop in income earlier this summer when gas prices soared. Although gas prices have since fallen, the delivery business hasn't fully recovered. Fewer people are ordering pizza some nights. And even when it's busy, tips are down.
a purchase of prescription drugs. In general, families making less than $50,000 a year were more likely to say they'd cut spending than those with higher incomes.
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