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The Uneven Fallout Of The Inflation Surge

Courtesy of ZeroHedge View original post here.

As inflation surged to a 40-year high in January 2022, millions of Americans are facing financial hardship due to the rising consumer prices.

As Statista's Felix Richter details below, according to a survey conducted by Gallup in January, 9 percent of U.S. adults have been caused severe financial hardship by the latest surge in inflation, severe meaning that it might affect their ability to maintain their current standard of living. Another 40 percent face moderate hardship, meaning that price increases affect them but don’t threaten their standard of living.

Making inflation woes worse is the fact that they affect lower income groups disproportionately. While it’s relatively easy to shrug off price increases when it only reduces the amount of money left at the end of the month, it is much harder for people who struggled to make ends meet even before prices started surging.

As the chart shows, the perceived effect of recent price increases varies significantly by income group.

Infographic: The Uneven Fallout of the Inflation Surge | Statista

You will find more infographics at Statista

While 66 percent of those living in households with an annual income of less than $40,000 experience some kind of financial hardship these days, just 32 percent of those earning $100,000 or more claim to do so.


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