inflation checking receipt at supermarket
A man examines his grocery bill.
  • 50% of Americans surveyed in a new Gallup poll said their financial situations are worsening. 
  • Just 35% of respondents said their financial standing has improved.
  • Lower-income Americans were the most likely to say their finances have deteriorated.

As inflation remains high in the US, half of Americans say they're worse off financially than they were last year, according to a new Gallup poll

The result marks only the second time in the poll's nearly 50-year history that most Americans said their finances had deteriorated, with the first being the Great Recession era in 2008 and 2009. The poll additionally found that just 35% of Americans said their financial situation has improved.