More than half of U.S. adults (55 per cent) say their financial situation is getting worse, according to a Gallup poll published Tuesday, pointing to high inflation along with elevated costs of energy, housing, healthcare, college, transportation and childcare.

The figure is particularly stunning as it is higher than the level of economic fear registered in both 2008 and in the early days of the Covid pandemic in 2020.

Some 49 per cent were worried about finances during the Great Recession in April 2008 as major U.S. banks sought government bailouts and the housing market collapsed. Half of people (50 per cent) expressed those worries in April 2020, according to Gallup.

In 2026, some 31 per cent of people polled by Gallup said their top financial problem was inflation and cost of living. U.S. inflation soared to 3.3 percent in March - the highest level since May 2024.

  • Basic Glitch@sh.itjust.works
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    2 days ago

    Well yeah. The goal is and always has been to cause the collapse the United States. Motherfucker is literally creating his own currency. Hard to believe that anybody is still convincing themselves he’s not doing this on purpose.

    Remember all those weird EOs and memos Biden issued during his last 24-48 hrs before leaving office? And they were all ominously titled like they were how tos for rebuilding a collapsed civilization?

    Remember people complaining about Biden and all the memes about eggs being $5? Seems like a beautiful distant dream.

    To be clear, I never liked Biden or Harris. I promise you, you won’t hear any argument from me that they didn’t shoot themselves in the foot over and over again. I still voted for both of them bc I didn’t want to have to live through the greatest depression, but here we are and it seems to be rapidly approaching.

    You also won’t hear any argument from me that in a true democracy, you really shouldn’t have to vote for somebody you don’t really support just because they’re the lesser evil of 2 shitty options.

    That’s very true. That’s not how democracy works. Guess who’s been fighting to destroy democracy and regulatory reform since the New Deal? The oligarchs who caused the less Great Depression.

    Guess who wanted Trump to be elected way more than any dumbass redneck or neckbeard who shot themselves in the foot and took all of us out with them so they could say stupid shit without a fear of consequences? The offspring of those same oligarchs.

    I honestly don’t even really believe Trump actually won the 2024 election. People in Russia learned long ago that a strong show of support at the polls the day of an election was the only way to ensure elections couldn’t be believable stolen by oligarchs.

    In America, oligarchs realized they just had to create enough reasonable doubt that it wasn’t stolen by getting people to stay home.

  • Bluescluestoothpaste@sh.itjust.works
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    2 days ago

    Well back during financial crisis and also covid, if you kept your job you were golden. That’s why it never got above 50% worried, people with jobs weren’t in trouble. Prices fell, so those with jobs did well.

    The difference now is people with jobs getting fucked, very few raises and inflation soaring. So everyone is starting to feel the squeeze, having a job doesn’t protect you anymore.

  • DishaweslemOride@lemmy.org
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    2 days ago

    Well, until some fine Lone-American solves the problem of Nazis in the White House, we should assume it’s just going to get worse.

  • UnspecificGravity@piefed.social
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    2 days ago

    Yeah, because we didn’t have to deal with a government that was actively trying to harm us at every moment. Anything could happen tomorrow and we have no idea what calamity will come next. No one wants to take on additional risk or do anything but save up as much as they can for the other shoe to drop.

    • pelespirit@sh.itjust.worksOPM
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      2 days ago

      They were during covid and the financial crisis. The government knew that those types of loans were going to crash the system, they let them do it anyway. During covid, they were actively trying to get people to not take the vaccine and to not wear masks.

      we didn’t have to deal with a government that was actively trying to harm us