High inflation on everyday necessities like food and gas over the past few years is increasingly taking a toll on most U.S. households' budgets. (Daniel Acker/Bloomberg via Getty Images / Getty Images)
Important Takeaways:
- A majority of households with income between $30,000 and $130,000 rate their personal finances negatively, according to a new survey
- America’s middle class is feeling the squeeze like never before, according to new data.
- Primerica’s latest Financial Security Monitor report for the third quarter found 55% of middle-income households now rate their personal financial situation negatively, a 6-point jump from the previous survey.
- “For the first time in a year, a majority of middle-income households are feeling negative about their personal finances,” said Glenn Williams, CEO of Primerica. “In fact, this latest report represents the highest negative rating we’ve seen since we began fielding the survey exactly four years ago.”
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