NEW ZEALAND-INFLATION
(77WABC) — With inflation at 9.1% under the Biden administration, 75% of middle income American households say income is not keeping pace with inflation.
Even more — 77% — think the U.S. will be in a recession by year’s end. The recent survey was done by Primerica.
There’s also been a general uptick in financial worries in the last six months, with 39% of those surveyed expecting to be worse off financially in a year, up from 32% in March and 28% in December of 2021. The June survey of nearly 1,400 adults was done as part of Primerica’s quarterly check-in on the financial security of middle-income families.
Inflation has taken a toll on households, rising 9.1% in June from a year earlier, marking the fastest pace since 1981.
