Inflation Nightmare: Hardworking Families on the Brink as Prices Soar and Economic Security Vanishes
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.
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