The Maine Wire
  • News
  • Commentary
  • Maine Wire TV
  • About
  • Contact
Facebook Twitter Instagram
Trending News
  • Maine Wire Podcast: Carroll Conley on Abortion, LGBT, and Religious Liberty in Maine
  • Dems Block Debate on Gov’s Late-Term Abortion Bill, Refuse GOP Questioning of Medical Experts
  • Partisan Vote Ends Brakey’s Bid for Welfare Work Requirements
  • Democrats Block Parental Rights Policies, Including Bill to Let Parents “Opt Out” of Critical Race Theory Programming
  • White House Bracing for Supreme Court to Kill Student Loan Forgiveness Program: WSJ
  • State Legislature Poised to Pass Bill Establishing Home “Energy Scoring System” That Will Be Voluntary — For Now
  • Syrian Asylum Seeker Targets Children in Stabbing Spree at French Playground
  • Study Shows Nearly a Third of Gen Z Supports In-Home Government Surveillance Cameras
Facebook Twitter Instagram
The Maine Wire
Login
Friday, June 9
  • News
  • Commentary
  • Maine Wire TV
  • About
  • Contact
The Maine Wire
Home » News » American Earnings Fall Behind Costs as 2023 Brings Inflation, Recession Fears: Survey
News

American Earnings Fall Behind Costs as 2023 Brings Inflation, Recession Fears: Survey

The Maine WireBy The Maine WireJanuary 19, 2023Updated:January 19, 2023No Comments2 Mins Read
Facebook Twitter Email LinkedIn Reddit
Share
Facebook Twitter LinkedIn Email

Americans are pessimistic about what the economy will bring in 2023, with large numbers fearing inflation and a looming recession will undermine their financial security and ability to save.

That’s the topline message of Primerica’s U.S. Middle Income Financial Security Monitor’s Jan. 2022 report.

The information about American financial thinking comes from an online poll measures economic attitudes of Americans with incomes between $30,000 and $100,000.

Just 53 percent of American adults say their personal finances are in “good” or “excellent” condition, while 72 percent said the income is falling behind the rising cost of living.

Four in ten Americans said they would not have $1,000 available to cover an emergency expense, like a unexpected car repair or medical debt. Half of respondents said they’d already tapped into their emergency fund within the last year.

The one bright spot in the survey was a tight labor market created by low unemployment, though there is some evidence in federal data that the low unemployment rate is partly because many have stopped looking for work.

Nearly 40 percent of respondents said they planned to pick up additional work, while one in five workers said they planned to seek a better job in 2023.

economy
Previous ArticleCDC Regularly Called The Shots On Facebook’s COVID-19 Censorship Decisions, Docs Show
Next Article DC Staffers Defy Accountability: SCOTUS Edition
The Maine Wire

The Maine Wire is a project of Maine Policy Institute. Dedicated to your right to know.

Related Posts

Maine Wire Podcast: Carroll Conley on Abortion, LGBT, and Religious Liberty in Maine

June 8, 2023

Dems Block Debate on Gov’s Late-Term Abortion Bill, Refuse GOP Questioning of Medical Experts

June 8, 2023

Partisan Vote Ends Brakey’s Bid for Welfare Work Requirements

June 8, 2023

Leave A Reply

Recent News

Maine Wire Podcast: Carroll Conley on Abortion, LGBT, and Religious Liberty in Maine

June 8, 2023

Dems Block Debate on Gov’s Late-Term Abortion Bill, Refuse GOP Questioning of Medical Experts

June 8, 2023

Partisan Vote Ends Brakey’s Bid for Welfare Work Requirements

June 8, 2023

Democrats Block Parental Rights Policies, Including Bill to Let Parents “Opt Out” of Critical Race Theory Programming

June 8, 2023

White House Bracing for Supreme Court to Kill Student Loan Forgiveness Program: WSJ

June 8, 2023
Newsletter

News

  • News
  • Campaigns & Elections
  • Opinion & Commentary
  • Media Watch
  • Education
  • Media

Maine Wire

  • About the Maine Wire
  • Advertising
  • Contact Us
  • Submit Commentary
  • Complaints
  • Maine Policy Institute

Resources

  • Maine Legislature
  • Legislation Finder
  • Get the Newsletter
  • Maine Wire TV

Facebook Twitter Instagram Steam RSS
  • Post Office Box 7829, Portland, Maine 04112

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login below or Register Now.

Lost password?

Register Now!

Already registered? Login.

A password will be e-mailed to you.