'Even as experts may correctly identify the harms everyday Americans are experiencing, they are not above proposing 'policy actions' that would make those problems even worse.' -Matt Weidinger
FILE - A customer looks at refrigerated items at a Grocery Outlet store in Pleasanton, Calif., Sept. 15, 2022. More U.S. adults are now feeling financially vulnerable amid high inflation. A new poll from The Associated Press-NORC Center for Public Affairs Research says that some 46% of people now call their personal financial situation poor. That figure has risen from 37% percent in March.
Overall, we find that black and Hispanic/Latinx adults were more likely than white adults to experience food insecurity and use financial coping strategies in response to higher grocery costs in 2022, signaling that inflation could deepen racial and ethnic disparities in credit health and wealth.
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