Only 16% of U.S. Adults Feel Financially Fulfilled as Gas Tops $4
Updated
Updated · The Independent · Jun 5
Only 16% of U.S. Adults Feel Financially Fulfilled as Gas Tops $4
2 articles · Updated · The Independent · Jun 5
Summary
A Gallup-Edward Jones survey of 5,075 U.S. adults found only 16% met its threshold for financial fulfillment, underscoring how few Americans feel secure about money.
Income was the sharpest divider: just 3% of people earning under $35,000 felt fulfilled, versus 37% of those making at least $175,000; middle-income groups ranged from 10% to 23%.
The report ties that strain to inflation at a three-year high in April and to fuel costs that climbed from $2.98 to above $4.00 since the Iran war began on Feb. 28.
Moody's Analytics estimates the conflict has added $750 in household costs, while even six-figure earners are trading down to cheaper retailers such as Walmart and Dollar General.
The findings add to a broader picture of widening wealth inequality, with the top 1% of U.S. households holding nearly 32% of national wealth.