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Gallup: 50% of Americans Say They’re Worse Off
In January 2020, Americans were three times as likely to say things were looking up for them, rather than going south. Three years later, that number has flipped.
Back when Literally Hitler was president, 59% of Americans said they were better off than they were the year previous, while 20% said they were worse off. With President Chocolate Chocolate Chip running the show, just 35% say they’re better off, while 50% are worse off.
Gallup has conducted this poll since 1976, and the only time the “worse off” figure has reached that high was during the Great Recession of 2008. Last year, better/worse were tied at 41%.
The people really feeling the pinch are lower-income Americans.
Perhaps one reason high-earners are feeling better (or at least less bad) is their easy access to credit.
The Federal Reserve Bank of New York reported that credit card debt has hit an all-time high. Those convenient plastic rectangles now add up to $986 billion, with delinquencies increasing over the last quarter of 2022.
You get what you vote for, America.
Published in Economics, Politics
Math is hard.
— Barbie
Inflation doesn’t exist for a lot of people – ‘stuff is more expensive’, sure, but the actual cost is not going to be apparent.
‘Sides which, if you don’t have any investments they can’t lose value.