More than half of Americans sa... Note
Axios

More than half of Americans say their finances are getting worse

A recent Gallup poll reveals that 55% of Americans believe their financial situation is worsening, the highest percentage in 25 years. This sentiment has been on an upward trend for five consecutive years. The primary financial concern cited by 31% of respondents is the rising cost of living. Additionally, energy costs are a significant worry, affecting 13% of Americans, a substantial increase from the previous year. This surge in energy prices is attributed, in part, to the recent war in Iran, driving the average gas price to $4.11 per gallon. While inflation has decreased from its 2022 peak, it remains higher than during Donald Trump's previous term. This economic pressure on individuals is particularly challenging as midterm elections approach, with many Americans holding Trump responsible for the gas price increases. The data indicates a persistent struggle for Americans facing elevated costs. This financial strain is a major concern for President Trump and the Republican party.
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