https://news.gallup.com/poll/357731/inflation-causing-hardship-households.aspxAs one can expect, price increases are being felt the most by lower-income households that see inflation eat up their real wages and lack the investments in equity/commodities/property to see any tangible benefit from a prolonged shortage in aggregate supply.
Lower-income households are most likely to have experienced financial hardship due to price increases. Seventy-one percent of those living in households making less than $40,000 a year say that recent price hikes have caused their family financial hardship. That compares with 47% of those in middle-income households and 29% in upper-income households.
Moreover, 28% of lower-income Americans describe the hardship they are experiencing as severe and affecting their ability to maintain their current standard of living.
