Bloomberg News reports that almost 50% of the families in the United States surveyed by the Central Bureau reported the rise in the consumer price of late very stressful. Aside from the 50%, the rest were equally worried and uncertain about inflation.
The Central Bureau included a new question in the survey, and it is related to the impact of the surge in prices, which was a part of the routine household poll. The results obtained from the survey indicate that almost every household was apprehensive about the stress that inflation led to, especially in fast-growing areas like Miami, where the cost of living has escalated like never before.
Under a Lot of Pressure
The survey that the Central Bureau also conducted reports that there are wide disparities among ethnic groups. In comparison to 43% of the Whites and 38% of the Asian Americans, around 50% of the Black and Hispanic respondents found that the impact of inflation was highly stressful. Elevated blood pressure and cardiac issues are some of the health problems that are manifested in individuals that are subjected to tremendous stress.
Worries About Inflation
A larger part of African Americans and Hispanics have found the recent surge in costs to be extremely stressful. The number of survey participants who find it difficult to shell out their bills is gradually on the rise amidst the escalating rising rates and uncertainty prevailing in the economy.
Bloomberg News reported that more than 40% of US households had difficulty covering their usual financial obligations between September 14th and September 26th. This is up compared to what it was two years ago when the record suggested it was less than one-third. The survey related to the household was initiated in 2020 to provide close real-time data on the effects of COVID-pandemic on people’s lives.
