A staggering 40% of Americans are now worried about their ability to pay their bills on time—a concern that has surpassed even the anxiety felt during the Great Recession of 2008-09, according to a new survey. This alarming statistic highlights the financial strain that many Americans are feeling in the current economic climate.
A recent CNN poll revealed that 39% of Americans are increasingly anxious about consistently paying their bills, marking a 33% surge since the height of Biden-flation. This figure is even more concerning when compared to the 37% during the 2008 crisis, a time when unemployment was nearly 10%. The polling results paint a bleak picture of the current economic situation, where many are struggling to keep up with rising costs.
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Under the Biden-Harris administration, inflation has soared to unprecedented levels in modern times. Although inflation has slightly eased in recent months, it remains persistently high, driving up the costs of essential items such as food, gasoline, housing, and utilities. As CNN pointed out, “consumers are still trying to catch up to the price spikes of the last few years,” which have left many struggling to make ends meet.
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