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Americans are concerned about high costs squeezing household budgets, according to data from the Fox News Voter Analysis.
The analysis found that while 56% of Americans feel that their family’s financial situation is holding steady, a larger share feel things are getting worse than improving — as 31% said they’re falling behind compared to 13% who say they’re getting ahead.
Voters expressed the highest level of concern about food prices among various items in household budgets included in the survey.
Two-thirds of voters, or 67%, said they’re very concerned about food costs, while 24% said they’re somewhat concerned. A combined 9% said they’re either not too concerned or not at all concerned.
Housing costs were the next most concerning budget item, with 61% saying they’re very concerned and 29% somewhat concerned, while a combined 10% said not too, or not at all, concerned.
Health care costs were very concerning to 54% of voters and somewhat concerning to 30%, while 12% said they’re not too concerned and 3% not at all concerned.
Gas prices were very concerning to 48% of respondent and somewhat concerning to 31%. By comparison, 16% said they’re not too concerned and 5% not at all concerned.
Those findings come after the U.S. went through a historic inflationary cycle due to pandemic-related supply chain disruptions and elevated federal spending on COVID relief programs and other initiatives.
Inflation peaked at a 40-year high of 9.1% in June 2022, though the pace of price growth has slowed to 2.4% as of September 2024. The aggregate impact of high inflation in recent years left prices about 20% higher than they were four years.
The Fox News Voter Analysis, which was conducted in partnership with the Associated Press, is based on surveys of the U.S. electorate conducted by the NORC at the University of Chicago.
The FNVA survey was conducted in all 50 states from Oct. 28 to Nov. 5, including at the end of voting on Election Day.