More Americans Are Struggling to Pay for Food, Bills Amid Soaring Inflation

As inflation continues to remain elevated, more Americans are finding it difficult to pay their bills, according to a survey by LendingTree.
The survey found that 40 percent of Americans are now less able to afford monthly bills, a slight increase from the more than 38 percent from the same time in 2021. Sixty-two percent found it difficult to pay at least one bill. Fifty-four percent of individuals with a household income of less than $35,000 per year and 42 percent of households earning between $35,000 and $49,000 were struggling to pay bills.
“Unless they’ve been able to increase their income, millions of Americans have had to make sacrifices because of inflation to pay the bills. Perhaps the worst part is that inflation likely isn’t going anywhere anytime soon. That means that short-term quick fixes won’t cut it,” said Matt Schulz, chief credit analyst for LendingTree….