40 percent of Americans believe that current inflation Rates Will Last

Americans believe that inflation is the number. top concern that is affecting Americans in U.S., ahead of healthcare, immigration as well as abortion, crime, gun violence and much more.

As Americans are still feeling the pressures of rising inflation rates, many think the situation will only increase as per a recent survey by Clever Real Estate, a St. Louis-based real estate firm.

Global economic normalization is expected by the end of 2024: conference.

Clever conducted a survey of 1,000 Americans and found that 4/5 (78 percent) think that inflation is now an emergency. Indeed, more than one in four respondents (23 percent) rate inflation as the top problem facing the nation; approximately half (47 percent) put it among the top three issues.

40 percent of Americans believe that current inflation Rates Will Last
40 percent of Americans believe that current inflation Rates Will Last

While inflation is a significant problem for Americans, few seem to be aware of the issue. Around half of respondents (46 percent) say they know the current rate of inflation however just 25% know however 64% wrongly believe that inflation is at an all-time high.

Americans aren’t optimistic things will improve anytime very soon. 62 percent of Americans anticipate the cost of goods and services that are used daily to increase by 2023. Nearly half (40 percent) believe that inflation rates are unlikely to decrease. Only 26% of those polled believe that the economy will grow in 2023.

Most Americans (93 percent) have reduced their expenses this year due to the rising cost of living, however only 37% of them say that their income has grown. Over half (53 percent) claim they do not earn enough money to afford their lifestyle with 38% saying that they can’t afford daily expenses.

Conservatives consider the policies of President Biden ( 60 percent) as the number. top cause of inflation while liberals view the COVID-19 pandemic the most important. 1 cause (65%). The political differences aside, 74 percent of Americans who intend to vote in 2022’s midterm elections think inflation will be a factor in the way they vote.

About Clever Real Estate

Clever Real Estate was founded in 2017 with the goal of making the process of buying as well as selling real estate less difficult and less expensive. Clever’s primary service is to match buyers and sellers to local realtors, offering clients with lower fees in addition to leads and referrals for agents. As of now, Clever’s agents network has a total of 12,000 agents in all 50 states.