‘My life is not affordable. No one cares’
Yahoo • • business
Key Points:
- A recent CNN poll reveals widespread economic pessimism among Americans, with many feeling financially stuck and worried about the rising cost of living, particularly food and gas prices.
- Nearly 70% of respondents believe a recession is likely within the next year, and a significant portion report difficulty covering expenses, affording extras, or saving for emergencies.
- Despite overall strong job growth and consumer spending, middle- and lower-income Americans have seen wages fail to keep pace with inflation since last year, contributing to financial insecurity.
- Three-quarters of Americans feel the economic system favors powerful interests, and a majority believe it is harder to get ahead now than in previous generations, with concerns extending across income, education, and employment sectors.
- The poll, conducted by SSRS with a nationally representative sample of 1,499 adults, highlights the persistent economic uncertainty affecting Americans' daily lives and political attitudes ahead of the midterm elections.