Nearly four in ten (39%) of US adults say they worry most or all of the time that their family’s income won’t be enough to meet expenses, according to a new CNN poll. That’s up from 28% who expressed those concerns in December 2021, and it’s similar to the numbers seen during the Great Recession (37%).
To cope, significant shares of Americans said they are adding side jobs, cutting down on driving and putting more expenses on credit cards.
Even higher percentages of Latino (52%) and Black (46%) Americans said they’re worried most or all of the time about making ends meet, according to the poll.
More than half (55%) of those making less than $50,000 a year similarly worry about having enough money to meet expenses.
The findings underscore how, despite national statistics that show unemployment is low and inflation is cooling, millions of Americans are hurting from years of rising prices.
Locally, the taxpayer funded Madison School district is planning a large tax & $pending increase referendum this fall