{"id":1565737,"date":"2022-07-22T06:00:09","date_gmt":"2022-07-22T10:00:09","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1565737"},"modified":"2022-07-22T08:04:34","modified_gmt":"2022-07-22T12:04:34","slug":"3-out-of-4-middle-class-families-are-falling-behind","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/3-out-of-4-middle-class-families-are-falling-behind\/","title":{"rendered":"3 Out Of 4 Middle Class Families Are Falling Behind"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2F3-out-of-4-middle-class-families-are-falling-behind%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1565737&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<p><em>By Casey Harper (The Center Square)<\/em><\/p>\n<p>Three out of 4 middle class households report falling behind the rising cost of living as inflation continues to soar, according to a new poll.<\/p>\n<p>Primerica released the\u00a0<a href=\"https:\/\/www.primerica.com\/public\/Fact_Sheet_Primerica_Financial_Security_Monitor_Q2_2022.pdf\" target=\"_blank\" rel=\"noopener\"><strong>report<\/strong><\/a>, which found that 75% of middle-income families \u201csay their income is falling behind the cost of living,\u201d an eight-point rise since March. The poll found only 16% of those surveyed think they will be better off financially in a year.<\/p>\n<p><strong>RELATED: <a href=\"https:\/\/thepoliticalinsider.com\/report-1-in-5-americans-are-skipping-meals-as-long-lines-at-food-banks-make-a-comeback-under-biden\/\" target=\"_blank\" rel=\"noopener\">Report: 1 in 5 Americans Are Skipping Meals As Long Lines At Food Banks Make a Comeback Under Biden<\/a><\/strong><\/p>\n<p>Surveyed American middle-income families cited inflation as a top concern. The U.S. Bureau of Labor Statistics\u2019 latest federal inflation data showed a 9.1% increase in consumer prices in the past year and a rise in the producer price index of more than 11%, nearly the highest ever recorded.<\/p>\n<p>\u201cConcern about the economy continues to be a major stressor, with about 41% rating inflation as their top concern,\u201d the group said. \u201cBeing able to pay for food and groceries also ranks high (26%, up four percentage points since March) as does their current financial situation (25%, up eight percentage points since March).\u201d<\/p>\n<p>The poll found most Americans expect a recession, with only 14% expecting the economy to get better this year.<\/p>\n<p>\u201cAbout three-quarters (77%) say it is likely America will be in recession by the end of the year,\u201d the group said. \u201cIn addition, 61% believe the American economy will be worse off over the next year than it is now. Just 14% think it will improve.\u201d<\/p>\n<div id=\"subscribe\" class=\"email-signup inarticle\">\n<h4>Support Conservative Voices!<\/h4>\n<h5><strong>Sign up to receive the latest<\/strong> political news, insight, and commentary delivered directly to your inbox.<\/h5>\n<\/div>\n<p>All these economic difficulties have forced many Americans to cut back on expenses.<\/p>\n<p><strong>RELATED: <a href=\"https:\/\/thepoliticalinsider.com\/survey-nearly-50-of-economists-believe-a-recession-is-coming\/\" target=\"_blank\" rel=\"noopener\">Survey: Nearly 50% of Economists Believe A Recession Is Coming<\/a><\/strong><\/p>\n<p>\u201cNearly three-quarters (71%) report cutting back on restaurant\/takeout meals, up from 57% in March,\u201d Primerica said. \u201cNearly the same amount (69%) say they plan to keep their current technology instead of upgrading, up from 44% in March. And about half (49%) are planning to budget or cut back on groceries, up from 37% in March. Overall, more than one-third (38%) have already delayed a major purchase due to rising interest rates, including the biggest hike by the Fed in nearly 30 years. Still, nearly the same amount (39%) say they plan to take a vacation in the next 12 months\u201d<\/p>\n<p><em>Syndicated with permission from The Center Square.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Casey Harper (The Center Square) Three out of 4 middle class households report falling behind the rising cost of living as inflation continues to soar, according to a new<\/p>\n","protected":false},"author":1,"featured_media":1574999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1565737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1565737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1565737"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1565737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1574999"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1565737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1565737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1565737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}