{"id":12411,"date":"2022-05-21T10:42:50","date_gmt":"2022-05-21T10:42:50","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/survey-shows-87-of-americans-are-stressed-about-inflation-and-rising-costs-of-everyday-goods-economics-bitcoin-news\/"},"modified":"2022-05-21T10:42:50","modified_gmt":"2022-05-21T10:42:50","slug":"survey-shows-87-of-americans-are-stressed-about-inflation-and-rising-costs-of-everyday-goods-economics-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/survey-shows-87-of-americans-are-stressed-about-inflation-and-rising-costs-of-everyday-goods-economics-bitcoin-news\/","title":{"rendered":"Survey Shows 87% of Americans Are Stressed About Inflation and Rising Costs of Everyday Goods \u2013 Economics Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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As the consumer price index (CPI), a measure of prices for goods and services, hit another all-time high in April reaching 8.3%, Americans are stressed out more than ever about inflation and money. A recent survey published by the American Psychological Association shows that 87% of U.S. residents say inflation on everyday items has driven their stress levels way up. <\/strong><\/p>\n

APA Survey Says 87% of Americans Are Stressed About Inflation<\/h2>\n

Two recent studies show that a great number of Americans are stressed out over inflation and the rising costs of everyday goods and services. According to the American Psychological Association (APA) \u201cStress In America Survey<\/a>,\u201d Americans are burdened by mental health issues tied to money and inflationary pressures.<\/p>\n

Vaile Wright, a senior director of health care innovation at the American Psychological Association, further explained<\/a> to CNBC\u2019s Charlotte Morabito that \u201cEighty-seven percent of Americans said that inflation and the rising costs of everyday goods [are] what\u2019s driving their stress.\u201d<\/p>\n

\"Survey<\/p>\n

Moreover, Mark Hamrick, the Washington bureau chief at Bankrate, told Morabito that Americans do have hope. \u201cI think that people need to have a sense of hope,\u201d Hamrick said. \u201cWhen the economy is working for them, there\u2019s a greater likelihood that people will have hope that they can accomplish their basic personal financial objectives.\u201d<\/p>\n

The Stress In America Survey published by the APA shows that the top issue for stress was \u201cdue to inflation (e.g., gas prices, energy bills, grocery costs, etc.)\u201d and other top issues included \u201csupply chain issues,\u201d and \u201cglobal uncertainty.\u201d In fact, the APA study shows that Americans are tired of dealing with crises and most believe that there seems to be a streamlining of catastrophe after catastrophe.<\/p>\n

\u201cThe survey findings make clear that U.S. adults appear to be emotionally overwhelmed and showing signs of fatigue,\u201d the APA\u2019s Stress In America Survey notes. \u201cThe vast majority of adults (87%) agreed it feels like there has been a constant stream of crises over the last two years, and more than seven in 10 (73%) said they are overwhelmed by the number of crises facing the world right now,\u201d the report adds.<\/p>\n

Economists Say the Democrats\u2019 \u2018Greedflation\u2019 Excuse Doesn\u2019t Add Up<\/h2>\n

Additionally, a number of Americans and economists are not pleased with the Democrats\u2019 \u2018greedflation\u2019 excuse, as one report<\/a> shows the political party\u2019s rationalization doesn\u2019t add up. \u201cMany Democrats blame price-gouging companies for the worst surge in Americans\u2019 cost of living in more than a generation,\u201d Bloomberg\u2019s author Erik Wasson notes on Thursday. \u201cBut economists, including several who are left-leaning, disagree.\u201d<\/p>\n

\"Survey<\/p>\n

Jason Furman, a Harvard professor who worked with the Obama administration\u2019s Council of Economic Advisers, says \u2018greedflation\u2019 is playing a small role. \u201cCorporate power is playing likely a very small role in the inflation that we\u2019re seeing right now,\u201d Furman explained on Thursday. \u201cThe primary solution has to come from the primary cause of inflation, which is demand is way too high,\u201d the Harvard professor added.<\/p>\n

Bankrate\u2019s April Mental Health Report Shows 40% of Americans Say Money Is Impacting Their Mental Health Negatively<\/h2>\n

In addition to the APA\u2019s Stress In America Survey, Bankrate\u2019s April 2022 Money and Mental Health report<\/a> says 40% of Americans have said money is impacting their mental health in a negative way.<\/p>\n

\u201cAnd among adults who say money can have a negative impact on their mental health, about half (49 percent) say looking at their bank accounts is a trigger,\u201d the Bankrate April mental health report notes. \u201cThis suggests that as a society, we need to do a better job having experiences with, and conversations about, money.\u201d<\/p>\n

\"Survey<\/p>\n

Making matters worse, equities markets and the macro environment indicate things are headed toward a long and drawn-out bear market<\/a>. On top of that, the Federal Reserve\u2019s chief Jerome Powell recently explained that the U.S. central bank has no issues with continuing to hike the benchmark interest rate.<\/p>\n

\u201cWe will go until we feel we\u2019re at a place where we can say financial conditions are in an appropriate place, we see inflation coming down,\u201d Powell said in a Wall Street Journal interview<\/a>. \u201cWe\u2019ll go to that point. There won\u2019t be any hesitation about that,\u201d the U.S. central bank\u2019s chair added.<\/p>\n

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\nTags in this story
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American Psychological Association<\/a>, Americans<\/a>, Americans Stress<\/a>, April 2022 Money and Mental Health<\/a>, Bankrate<\/a>, benchmark interest rate<\/a>, Burdens<\/a>, Democrats<\/a>, economics<\/a>, Economy<\/a>, Equities markets<\/a>, Federal Reserve<\/a>, Goods and Services<\/a>, greedflation<\/a>, inflation<\/a>, jerome powell<\/a>, macro environment<\/a>, Mark Hamrick<\/a>, Mental Health<\/a>, rising costs<\/a>, Stress In America Survey<\/a>, Stress Issues<\/a>, US Central Bank<\/a>, US residents<\/a><\/div>\n<\/div>\n

What do you think about the recent stress survey from the American Psychological Association? Is inflation adding stress to your life? Let us know what you think about this subject in the comments section below.<\/strong><\/em><\/p>\n

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\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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