Half of Americans say they are financially worse off, highest since 2009
Judy Shelton: Economic growth is not inflationary
Dan Clifton, head of policy research for Strategas Research Partners, and former Trump economic advisor Judy Shelton on Fed Chair Jay Powell’s recent interview and policy ahead of Biden’s State of the Union address on ‘Kudlow.’
Half of Americans say they are financially worse off now than they were a year ago, the highest amount since 2009, according to a Gallup survey published Wednesday.
An even greater share of lower-income respondents said they are losing ground, according to the Jan. 2-22 survey. Roughly 61% of those with household incomes below $40,000 report that their financial situation has deteriorated over the past year. Just 26% indicated that it has improved.
By comparison, about 49% and 43% of respective middle- and high-income households said their financial situation worsened last year.
MARKETS MAY BE UNDERESTIMATING THE THREAT OF HIGH INFLATION, BLACKROCK WARNS