65% of Americans earning $100,000 or more are 'very concerned' about inflation, new CNBC poll finds investinyou (In partnership with acorns.)
year over year — the highest increase since 1981. The latest report is set to be released on Wednesday.
The first thing on the chopping block for consumers is dining out at restaurants, followed by entertainment outside the home and travel, according to the poll.. Inflation has been brought on by strong demand, a constrained supply chain and the Russian invasion of Ukraine, explained Jared Bernstein, a member of President Joe Biden's White House Council of Economic Advisors.Squawk Box"The supply chain constraints are still in place, [but] they're easing significantly," he added. "The Putin price hike is very much in the mix, and that remains a strong constraint, weighing on both the real economy and the markets.
Protecting your income with disability insurance coverage and your budget by shoring up your emergency cash reserves are also important safeguards to have in place right now, she added.Once you see where you are spending money, break it down into needs and wants, and begin to cut back on things that are optional, said CFP, founder and director of financial planning at Life Planning Partners in Jacksonville, Florida.
In fact, dining out all the time not only costs more money than cooking at home but is also not as healthy, said McClanahan, who is also a medical doctor. WhenThere will be nights when time is tight and you are tempted to order takeout for dinner. McClanahan cooks in bulk on Sundays and puts meals in the freezer for those nights.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Poll: Biden's Economy Dominates as Greatest Concern 43 Weeks RunningBiden’s economy has dominated as the greatest concern among Americans for 43 straight weeks, according to a Reuters/Ipsos poll.
Read more »
Britain feels the impact of record inflation as rates soar worldwideAmericans aren't the only ones feeling the impacts of high inflation rates. In Britain, record inflation rates have recently sent shockwaves across industries.
Read more »
Poll Finds Americans Would Endure At Least 150 Million Dead In Exchange For Cheaper Burrito BowlsWASHINGTON—In a finding that sheds light on the nationwide response to the ongoing inflation crisis, a Gallup poll released Tuesday revealed that Americans would endure at least 150 million dead in exchange for cheaper burrito bowls. “Yeah, it’s not a great outcome, but a lot of people die from stuff every day, so I’d…
Read more »
Biden's Mideast trip: Here's what American families can expect on energy costs, inflationPresident Joe Biden's Mideast policies are hurting Americans through high gas prices and national security threats, and impacting our allies in the region.
Read more »
Most Democrats want new nominee instead of Biden in 2024, poll findsA majority of Democrats say they'd prefer a new candidate over Biden on the ballot in 2024, a New York Times/Siena College poll finds.
Read more »
Money is the top cause of anxiety for Americans: SurveyThe “Healthy Minds” poll says that money worries, particularly when it comes to inflation, are the nation's 1 source of stress.
Read more »