CNN Poll: 75% Say Expenses, Cost of Living Biggest Economic Problem Facing Families

A CNN poll released Monday revealed that 75 percent of registered voters believe expenses and the cost of living are the “biggest economic problem facing” families today.

Seventy-five percent of the poll’s respondents said expenses/cost of living are what they believe is the biggest economic problem facing families. The other options were personal financial concerns, income/employment, policies/government, societal issues/concerns, and anything related to coronavirus.

Of the total number of respondents who said expenses/cost of living, inflation/rising costs were in the highest bracket:

  • Inflation/rising cost: 38 percent
  • Gas, energy prices/Oil production issues: 29 percent
  • Cost of food: 18 percent
  • Cost of housing/Affordable housing/Housing market: Eight percent
  • Cost of living (general): Seven percent
  • Cost of health care/insurance: One percent
  • Cost of education/Student loans: One percent

The poll was released the week after the Department of Labor recorded inflation at an annual rate of 9.1 percent in June, which was higher than the 8.8 percent that was expected. Consequently, Americans have been hit even harder by the rising prices of everyday necessities like food, gasoline, housing, transportation, and utilities.

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