World News

24607 readers

94 users here now

Breaking news from around the world.

News that is American but has an international facet may also be posted here.

Guidelines for submissions:

Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
Do not post ragebait or shock stories. These will be removed.
Do not post tabloid or blogspam stories. These will be removed.
Social media should be a source of last resort.

These guidelines will be enforced on a know-it-when-I-see-it basis.

For US News, see the US News community.

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 4 years ago

MODERATORS

Americans feel worse off financially than at any point in 25 years, Gallup finds (www.axios.com)

submitted 6 days ago by Goferking0@ttrpg.network to c/news@beehaw.org

2 comments fedilink hide all child comments

cross-posted from: https://ttrpg.network/post/36491667

The share of Americans who say their financial situation is getting worse is higher now than at any point in the past 25 years, per new Gallup data out Tuesday morning.

Why it matters: Americans are struggling after years of higher inflation and a recent surge in gas prices due to the Iran war — a major challenge for President Trump and Republicans as the midterm elections come into view.

By the numbers: 55% of respondents to a poll conducted April 1-15 said their financial situation is getting worse; that's up from 53% last year and 47% in 2024.
**The number is higher than at any point since 2001, even compared with recessions during the pandemic or in the wake of the financial crisis**. 
Friction point: This is the fifth consecutive year that more Americans say their finances are worsening rather than improving.

Zoom in: When asked to identify their most important financial problem, 31% cited the cost of living.
Energy costs are mentioned by 13% of Americans, up 10 percentage points from last year and the highest since 2008.
Reality check: Inflation is still elevated from where it was the last time Trump was in office, but it's certainly lower than at its peak in 2022.

The big picture: Still, the recent surge in gas prices has increased the pressure on American pocketbooks.
The average price of a gallon of gas is $4.11, says AAA. It was under $3 before the war started on Feb. 28.
Many Americans blame Trump for the increase.

top 2 comments

sorted by: hot top controversial new old

[–] JailElonMusk@sopuli.xyz 10 points 6 days ago

That's just because they haven't seen the latest pictures of the golden ballroom?

Or the golden arch?

I'm sure Trump has "concepts" of a plan on how to fix this.

It's a winning strategy!

[–] Powderhorn@beehaw.org 4 points 6 days ago

That's a pretty narrow "big picture." Twenty-five years ago, 9/11 hadn't happened yet. We had no fucking clue we were off to Naziland.