Americans’ Worries About Interest Rates and Inflation Have Hit New Highs
- Poll shows 84% cite higher prices among top financial concerns
- Half of respondents say interest rates are hurting finances
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Americans’ concerns about inflation and interest rates have hit their highest levels in two years, according to a survey released by credit-reporting firm TransUnion Wednesday.
Half of respondents said interest rates were among their top three financial concerns, and 84% cited higher prices for everyday goods like groceries and gas. Housing costs also weighed on the poll participants. That’s despite a majority of respondents reporting optimism about household finances over the next year thanks to stable employment and wage increases.