More Americans are fretting over their finances compared to last year. Take one guess on what their main worry is

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More Americans are fretting over their finances compared to last year. Take one guess on what their main worry is
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Are you financially better off than you were a year ago? More Americans are saying no, according to a new Gallup poll reaffirming how steep costs are grinding people’s budgets and their financial confidence.

More Americans are saying no, according to a new Gallup poll reaffirming how steep costs are grinding people’s budgets and their financial confidence.

Two years after the pandemic’s early days, jobs are plenty and household spending is brisk, so what gives?In an open-ended question asking “What is the most important financial problem facing your family today?,” 32% pointed the finger at inflation and the increasing cost of living. The Gallup results came a day before federal government data on Friday showed one inflation gauge rising 0.9% in March and 6.6% year-over-year, a rate last seen in 1981. When stripping away food and energy costs, the index increased 0.3% in March, for the second month in a row.

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