52% of Americans said the United States is too expensive to live in

52% of Americans said the United States is too expensive to live in.

Gallup has been asking Americans annually since 2005 to name, without prompting, the top financial problem facing their family. Inflation has topped the list for the past three years. This year, the cost of owning or renting a home ranks second at 14%, a new high for that issue.

Other significant problems identified by Americans include too much debt (8%), healthcare costs (7%), lack of money or low wages (7%), and energy costs or gas prices (6%).

These concerns vary among different age, income, and political groups:

  • 46% of older Americans (those aged 50 and older) mention inflation, compared to 36% of younger Americans (those under 50).
  • Inflation is a more prominent concern for middle-income (46%) and upper-income Americans (41% of those with an annual household income of $100,000 or more) than for lower-income Americans (31% of those with a household income of less than $40,000).
  • 56% of Republicans, compared to 39% of independents and 26% of Democrats, name inflation as the most important financial problem facing their family.

Younger and lower-income Americans may be less likely to name inflation as their top concern because other immediate financial issues are more pressing for them. For example, 21% of adults under age 50 say housing or rental costs are their top concern, compared with 8% of those aged 50 and older.

Lower-income Americans are more inclined than upper-income and middle-income Americans to say personal debt, healthcare costs, lack of money, and job loss are the top concerns facing their family.

Retirement and Medical Emergencies Also Worrisome
A separate question in the survey asks Americans how much they worry about eight specific personal financial matters. Although inflation is not one of those issues, its influence is evident in the heightened percentage of people who worry about not being able to maintain their standard of living. Fifty-five percent are very or moderately worried about maintaining their living standards, marking the third straight year a majority has done so after being below that level from 2017 through 2021.

Since the question was first asked in 2001, an average of 47% of U.S. adults, including a high of 58% in 2011, have worried about being able to maintain their standard of living.

tastytrade logo+
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.