economy
Most Americans view rising living costs as biggest barrier to a better life, survey finds
When asked to detail what would make a better life in three to five years, 60% of US adults said greater financial security
TL;DR
- A survey of over 30,000 adults indicates that the rising cost of living is the main barrier to a better life for most Americans.
- Financial security, defined as affording basic necessities without worry, is desired by 60% of respondents.
- Groceries are the top cost-of-living concern for 90% of respondents, followed by housing, transportation, and healthcare.
- Despite economic growth in areas like the stock market and AI investment, many Americans feel financially vulnerable.
- Rural respondents prioritized jobs and career paths, while urban respondents sought more affordable housing and improved safety.
- A majority believe local, state, and federal governments are responsible for helping people get ahead, but only 30% found government institutions helpful.
- Friends and family were ranked as the most helpful group, followed by employers.
- Strong community connectedness is linked to a greater sense of control over one's life and future, though only one-third of respondents reported feeling this connection.