Almost Half Of Americans Anxious About Their Personal Finances, According To Poll

Finances

A poll conducted by YouGov for CBS News surveyed 2,064 people between May 13 to 15 and found that nearly half them have anxiety over their personal finances. With margin of error of 2.7 percent, it is believed to be a close representation of America as a whole.

“In the CBS News/YouGov poll, 44 percent of respondents said they see their ‘own personal financial and economic situation’ as either ‘fairly bad’ or ‘very bad,’ while 49 percent said they see their personal financial and economic situation as ‘very good’ or ‘fairly good.’ Seven percent of respondents said they are unsure about their personal financial and economic situation,” The Hill said, reporting on the poll.

The economic impact is also affecting political sentiment going into the midterm elections.

“In the same poll, 57 percent of respondents said they believe Trump’s policies ‘are making’ them ‘financially worse off.’ Fourteen percent said they believe the president’s policies are making them ‘financially better off,’ while 29 percent said they believe his policies are making them financially ‘stay about the same’,” The Hill said.

Due to energy being necessary for all industries to function, prices for every good and service can be impacted by energy price fluctuations.

Following Israel dragging the U.S. into war against Iran, the Islamic Republic closed the Strait of Hormuz, a key energy chokepoint. The move decreased global energy supply, driving up prices worldwide.

The Iran war is just the latest event over the last two decades which has chipped away at the U.S. economy. The mortgage-backed derivatives crisis of 2008 and the Covid plandemic of 2020 have greatly impacted U.S. debt-to-GDP ratios.


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