Families in the US are struggling to make ends meet, with high inflation hitting basic necessities like food, clothing, and fuel. According to a Gallup poll, families believe they need an income of at least $85,000 just to “get by,” which is almost triple the federal poverty rate and far more than the $58,000 needed just 10 years ago. This increase is driven by inflation and reflects the economic pressure facing American households as prices continue to rise. Even those making $100,000 or more say that’s their get-by floor. This news is not only concerning for families, but it also explains why only 18% of Americans feel good about the state of the nation, and President Joe Biden is seeing some of his worst approval rates ever.
