![]() Things we’re used to or things we need, we’ll be getting different brands and things. We’re just gonna have to cut back on a lot of things. “I used to do three grocery trips a month,” she said. ![]() She’s also struggling with high medical bills. Stringer, a single mother of two, said the stimulus payments and child tax credits during the pandemic had helped her financial situation, but that now inflation and the cost of childcare have her back living paycheck to paycheck. ![]() Tyronda Stringer, 28, who works as a truck loader at Walmart in Banks, Alabama, said her debt has increased in the past year due to medical expenses she’s still paying off. By contrast, people in lower income households were more likely than those earning more to expect their financial situation to worsen, 28% to 18%. The poll also finds that people in households earning at least $100,000 annually were more likely than lower income earners to predict their finances will improve in the year ahead, 39% to 26%. Those facing a combination of rising debt and expenses overwhelmingly say their financial situation is a major source of stress. If she had stayed in the two-bedroom where she had lived, she said, her expenses would have gone up this year.Ībout three-quarters of adults across income groups say their household expenses are higher now than they were a year ago, but those in households earning less than $100,000 a year are more likely than those in higher income households to say they also have higher debt. Lucas, a retired Christian education teacher who lives off social security and a pension, said she is moving to downsize and save $500 a month. “There’s no comfort zone in their finances - no vacation.
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