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The No. 1 biggest source of financial stress among US adults last month was managing living expenses, with 27% being most concerned about the cost of necessities like groceries, gas, and utilities. Saving, investing, and planning for the future were the second biggest stressor, cited by 19%, while managing debt was No. 3, with 13% calling it their primary financial worry.
Beyond the chart: Just 18% of US adults felt very secure about their financial situation in March, weeks after the consumer price index hit a 40-year high. That month, 27% said they were financially worse off than before the COVID-19 pandemic, up from 20% in April 2021. As global unrest and supply chain snags continue to drive up the cost of living, many US consumers are facing an uncertain financial future.
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