Persistent Inflation Continues to Cause Pain for Americans
The survey also found that 65% of respondents said that high prices have made their financial situations worse, while just 34% said their family’s monthly income has risen in the past year. Rental costs in particular are proving to be particularly challenging for households, with almost one in five saying that they fell behind on rent at some point in 2023 – up from 17% the previous year.
So, just when will this period of high inflation end, we all want to know? Well, this week let’s dig into what’s going on with inflation and when we might expect some relief.