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Inflation still causing pain for Americans — with parents hit harder

m.knox

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Aug 20, 2003
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Bidenflation that is........... Specifically.

https://nypost.com/2024/05/21/busin...-for-americans-especially-parents-fed-survey/

US households continued to feel pinched by inflation in late 2023 even as price pressures ebbed, the Federal Reserve reported on Tuesday, with most Americans saying their financial situation had changed little in the last year, while parents reported times had gotten harder.

About 72% of adults were doing at least OK financially as of October 2023, the Fed’s annual survey on household economics and decision-making showed.

That was down from 78% in 2021 and the lowest rate since 2016, though little changed from 73% in 2022. The share of parents doing at least OK financially dropped 5 percentage points to 64%, the lowest level since 2015 when data collection began.
 
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