60% of people with a household income under $50,000 said they’re under more financial stress now than they were a year ago: CNBC + Acorns Invest in You survey.
Financial stress appears to be hitting those with lower incomes the hardest.
That's compared with 53% of people in households making between $50,000 and $100,000 annually and 45% of people making more than $100,000 who said the same thing.said Tania Brown, an Atlanta-based certified financial planner and founder of FinanciallyConfidentMom.com. She recommends prioritizing the essentials before anything else — that includes, rent, food, utilities and basic medical expenses.," she said."Depending on your income, you're fighting just to keep your home.
There are also a few ways to find deals on gas, such as using GasBuddy, carpooling or scheduling errands all at once to avoid making multiple trips. In addition, if a family must dip into their emergency savings to stay afloat right now, Brown said they shouldn't feel bad — the point of having such an account is for such situations.To be sure, most Americans aren't feeling as stressed all the time about the pressures of inflation. Still, they might be in a very different financial situation now due to rising prices — some 52% said they're under more financial stress now than they were a year ago.
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